9. Normative economics deals with:
(a) facts
(c) both (a) and (b)
(b) opinions
(d) none of these
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7
Answer:
c) both (a) and (b)
Answered by
1
Answer:
(b) opinion
Normative economic deals with opinions
Explanation:
Normative economic deals with opinions
- It focuses on the economic fairness
- What the economy "should be " and "ought to be"
- It is subjective and the value - based originating from personal perceptives or opinions involved in decision making process
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