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Normative Economics
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Which type of economics addresses the question What ought to be?
Economic ethics addresses the question, What ought to be?
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.
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.
Which definitions does not describe economics?
"Economics is the study of how people relate to each other" is a statement that does not define economics.
This type of economics addresses the question what ought to be?
The field of economic ethics addresses this particular question.
Which type of economics addresses the question What ought to be?
Economic ethics addresses the question, What ought to be?
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.
Is this a positive statement or normative statement The minimum wage ought to be abolished?
yes
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.
Which definitions does not describe economics?
"Economics is the study of how people relate to each other" is a statement that does not define economics.
This type of economics addresses the question what ought to be?
The field of economic ethics addresses this particular question.
Which of these statement is false Economics is anout conserving scarce resources Economics is about the use of scarce resources?
Economics doesn't truly care about the conservation of scarce resources, it only cares about how those scarce resources are used. The statement 'Economics is about conserving scare resources' is false.
What is meant by the statement anyone can lead refers to the ability to?
The statement "Anyone can lead refers to the ability to"
What is an outp ut statement in programming?
That refers to a statement that shows something to the user, in the simplest case, on the screen.That refers to a statement that shows something to the user, in the simplest case, on the screen.That refers to a statement that shows something to the user, in the simplest case, on the screen.That refers to a statement that shows something to the user, in the simplest case, on the screen.
What are the 2 major divisions of economics?
The two major divisions of economics are microeconomics and macroeconomics. Microeconomics refers to economics on an individual scale, such as a home or business. Macroeconomics refers to economics on a much larger scale, such as a region, nation, or even the entire world, depending on which you want to study.
What is the definition of Building Economics?
building economics is considered as an irrelevant subjectcin the construction industry. justify the statement above
Differentiate Technology and Home Economics from Home Economics Technology?
technology is the product of science while home economics refers on study on how to plan life.
