Normative economics involves
A) a statement of fact.
B) a statement of "what should be."
C) a statement of "what is."
D) a statement that is purely descriptive.

Question

Quizplus · Accepted Answer

Normative economics involves making statements about what should be, as opposed to descriptive statements about what is. It involves making value judgments and suggesting how resources should be allocated to achieve certain goals or outcomes.

Normative Economics Involves