Asked by Timyia Thomas on Jun 23, 2024
Verified
Normative economics looks at outcomes of economic behavior and evaluates them as good or bad.
Normative Economics
A branch of economics that deals with value judgments about what the economy should be like, focusing on what ought to be rather than what is.
- Separate the concepts of positive and normative economics.
Verified Answer
PM
Peter MasihJun 29, 2024
Final Answer :
True
Explanation :
Normative economics involves value judgments about what the economy should be like or what particular policy actions should be recommended to achieve a desirable goal, thus evaluating outcomes as good or bad.
Learning Objectives
- Separate the concepts of positive and normative economics.
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