There is great concern over the fact that millions of Americans do not have health insurance. A study of the costs and benefits of implementing a national health-insurance program is an example of
A) laissez-faire economics.
B) positive economics.
C) labor economics.
D) normative economics.

Question

Quizplus · Accepted Answer

A study of costs and benefits of implementing a national health-insurance program is an example of positive economics because it deals with factual analysis and provides information on the effects of the policy. It does not make any value judgments about whether or not the policy should be implemented (which would be normative economics).

There Is Great Concern Over the Fact That Millions of Americans