Asked by Reveti Kuche on May 01, 2024
Verified
When recommending specific policies to undertake, economists make
A) positive statements.
B) claims about how the world is.
C) normative statements.
D) descriptive statements.
Normative Statements
Statements that express opinions about how the world ought to be, involving subjective judgments or prescriptions for economic policies.
- Differentiate between positive and normative statements in economics.
Verified Answer
MB
michelle batemanMay 06, 2024
Final Answer :
C
Explanation :
Economists make normative statements when recommending specific policies because these involve judgments about what ought to be rather than what is. Normative statements are value-based and often recommend courses of action.
Learning Objectives
- Differentiate between positive and normative statements in economics.
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