"Economic development reduces environmental quality and should be restricted" is an example of
A) positive economics.
B) normative economics.
C) comparative economics.
D) neoclassical economics.
E) classical economics

Question

Quizplus · Accepted Answer

The statement presents a value judgment about how economic development should be treated in relation to environmental quality, making it an example of normative economics. Positive economics, on the other hand, deals with the factual analysis and description of economic phenomena. Comparative economics compares different economic systems or approaches. Neoclassical economics emphasizes the role of market forces and individual rationality in economic decision-making. Classical economics refers to the economic theories of Adam Smith, David Ricardo, and other economists of the 18th and 19th centuries.

"Economic Development Reduces Environmental Quality and Should Be Restricted" Is