Normative analysis is very important to public finance because _____.
A)public policy enacted by government is the result of voting by individuals
B)positive analysis is full of value judgments
C)we should be concerned with how the world works
D)voluntary exchanges are economically efficient

Question

Quizplus · Accepted Answer

Normative analysis is crucial in public finance because it involves evaluating the desirability of various public policies, which are ultimately decided through the political process, including voting by individuals. This type of analysis incorporates value judgments about what policies should be pursued, reflecting societal goals and preferences.

Normative Analysis Is Very Important to Public Finance Because _____