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Which term applies to this statement planning for the type of world we ought to have in the future?
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Economics is what it ought to be statement refers to?
Normative Economics
What is the significance of calculating unit cost?
You need to be able to calculate what the cost is of producing, for instance a car so you know how much to sell it for or even if the product can even be sold at that price. You may find from your calculation that there you ought to find ways to cut costs yet provide a quality product. You need to be able recapture the cost plus enough to provide a profit for future planning.
Which type of economics addresses the question What ought to be?
Economic ethics addresses the question, What ought to be?
What is the Difference between positive and normative science?
A Normative Theory expresses a judgment about whether a situation is desirable or undesirable, and is based upon some moray or standard. The world would be a better place if the moon were made of green cheese, is a normative statement because it expresses a judgment about what ought to be. Notice that there is no way of disproving this statement. If you disagree with it, you have no sure way of convincing anyone, who believes the statement, that it is incorrect.A Positive Theory expresses an opinion on a condition, assuming what is, and that contains no indication of approval or disapproval and is not based on any standard. Notice that a positive statement can be incorrect. The moon is made of green cheese, is incorrect, but it is a positive statement because it is a statement about what exists.
What is the positive and normative analysis in economics?
A positive analysis is a statement of what is. The truth. Purely descriptive statements or scientific predictions.A normative analysis is a statement of what ought to be. Analysis involving value judgments.
Which term applies to this statement planning for the type of world you ought to have in the future?
economic ethics
Is this a positive statement or normative statement The minimum wage ought to be abolished?
yes
Economics is what it ought to be statement refers to?
Normative Economics
Which of the following words is the best clue that a statement is a fact?
confirms
Who is soothsayer from Caesar?
He's a guy that can see the future and thinks Caesar ought to be warned about his imminent death.
What is the past tense of ought?
The past tense of ought is ought.
How do you say ought in past tense?
Ought is already acceptable in past tense. 'Ought to be' is present tense, while 'Ought to have been' or 'Ought to have' is past tense.
What is a sentence with the word ought in it?
A sentence with the word ought in it is: "I ought to be a superstar someday!"
Which is the largest buckshot triple ought double ought or single ought?
Triple ...
What does Halley's comet mean for the future?
What does Halley's Comet mean for the future? Nothing special; the comet will return to the inner solar system in 2061, and ought to be a pretty special view. But in the grand scheme of things, it has no special significance.
Ought - antonym?
The antonym of "ought" in the sense of should is "shouldn't" or "ought not:""Jack ought to have joined in the fun.""No, he shouldn't have joined in if it wasn't fun for him."
When you use ought?
"You ought to be doing your homework."
