Multiple Choice
Normative economics:
A) tells us what has been, is, and will be.
B) is concerned with value judgments.
C) determines which social state is most desirable.
D) establishes fixed standards for behaviour.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q40: An economy's technology is:<br>A)the unchanging part of
Q41: Constructing an economic model requires all of
Q42: Suppose that two book stores are located
Q43: Common property problems occur so frequently because:<br>A)Canadians
Q44: The market reaches the equilibrium because:<br>A)the government
Q46: An equilibrium is determined by all of
Q47: Discuss the following remark from an economist's
Q48: The building blocks of the economy are
Q49: The only way to eliminate all competition
Q50: Suppose that you found a trade that