Asked by Scott Jordan on Apr 28, 2024
Verified
Normative statements are concerned primarily with
A) facts and theories.
B) what ought to be.
C) what is.
D) rational choice involving costs and benefits.
Normative Statements
Assertions that express opinions about what ought to be, involving values and ethical judgments, rather than empirical facts.
- Understand the difference between normative and positive economics.
Verified Answer
DP
Deepesh PatidarApr 30, 2024
Final Answer :
B
Explanation :
Normative statements are value judgments that express what ought to be, rather than what is. They are subjective and based on opinions about what is right or wrong, good or bad.
Learning Objectives
- Understand the difference between normative and positive economics.
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