Analysis that involves value judgments about economic policies is
A) positive economics.
B) normative economics.
C) microeconomics.
D) macroeconomics.

Question

Quizplus · Accepted Answer

Value judgments about economic policies are subjective opinions based on personal values and goals, which fall under the realm of normative economics. Positive economics, on the other hand, involves objective analysis of economic facts and their relationships without making value judgments. Microeconomics and macroeconomics refer to the level of analysis (individual markets vs. overall economy), and are not directly related to the type of analysis being conducted (positive vs. normative).

Analysis That Involves Value Judgments About Economic Policies Is