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1] ''smokers are liable to die young'' 2]''An increase in minimum wage will lead to inflation'' 3]''vandals of oil pipelines are life span shortners''
Wiki User
∙ 16y ago
Wiki User
∙ 13y agoWhen a writer says, "The price of milk should be 3$."
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Economics is what it ought to be statement refers to?
Normative Economics
What the difference between positive economics and normative economics?
Positive Economics is the branch of economics that concerns the description and explanation of economic phenomena. Normative economics is the study of economics that attempts to determine the desirability of different economic conditions.
What is normative economics?
Normative economics is the idealized part of economics that encompasses value judgments about economic fairness. It typically concerns what the outcome of an economy or what public policy ought to be.
What are two subfields into which economics is divided and explain it?
The two subfields of economics are positive statements and normative statements.
In economics what is a normative statement?
A normative statement in economics is like a normative statement in any other academic subject--it is a statement about something with an implicit value judgment or moral claim. It is distinct from a descriptive statement that is supposed to be value/ideologically neutral. For example, a descriptive statement in economics could be something like, 'Social Security is set to go bankrupt by 2050.' Whereas a normative statement would be something like, 'Social Security is set to go bankrupt by 2050 and thus must be saved to prevent a huge boom in elderly poverty.'
Economics is what it ought to be statement refers to?
Normative Economics
What the difference between positive economics and normative economics?
Positive Economics is the branch of economics that concerns the description and explanation of economic phenomena. Normative economics is the study of economics that attempts to determine the desirability of different economic conditions.
What is the difference between positive and normative economics?
Positive economics is the branch of economics that concerns the description and explanation of economic phenomena. Normative economics is the study of economics that attempts to determine the desirability of different economic conditions.
What is normative economics?
Normative economics is the idealized part of economics that encompasses value judgments about economic fairness. It typically concerns what the outcome of an economy or what public policy ought to be.
Saddam Hussein used weapons of mass destruction in the 1980 is it positive or normative economics?
normative
What are the developments of normative system within school?
article about develpment of normative system with in school
What are two subfields into which economics is divided and explain it?
The two subfields of economics are positive statements and normative statements.
In economics what is a normative statement?
A normative statement in economics is like a normative statement in any other academic subject--it is a statement about something with an implicit value judgment or moral claim. It is distinct from a descriptive statement that is supposed to be value/ideologically neutral. For example, a descriptive statement in economics could be something like, 'Social Security is set to go bankrupt by 2050.' Whereas a normative statement would be something like, 'Social Security is set to go bankrupt by 2050 and thus must be saved to prevent a huge boom in elderly poverty.'
When you study individual markets or consumers what are we primarily concerned with?
normative economics
When you study individual markets or consumers what are you primarily concerned with?
normative economics
What is difference between normative and positive economics?
Normative Economics is the branch of economic analysis that makes prescriptions about the way the economy should work. Positive Economics is the branch of economic analysis that describes the way the economy actually works. Thanks To Louguens Charles
When you study individual markets or consumers you are primarily concerned with what normative economics Macroeconomics Microeconomic or Positive Economics?
come again???
