Normative economic analysis
A)involves the study of what comprises a normal firm.
B)involves how resources are actually used in an economy.
C)involves judgments on how resources should be used in an economy.
D)is usually thought to be a waste of time.

Question

Quizplus · Accepted Answer

Normative economic analysis involves making value judgments about how resources should be used in an economy, as opposed to positive economic analysis which focuses on how resources are actually used in the economy.

Normative Economic Analysis