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In Business / College | 2025-07-03

is the branch of economics that describes how the economy should work, not based on facts, but rather opinions.

A. Normative
B. Positive
C. Negative
D. Microeconomics

Asked by evasmith333

Answer (2)

The branch of economics that describes how the economy should work based on opinions is called normative economics. It contrasts with positive economics, which is based on objective facts and analysis. Therefore, the correct choice is A. Normative.
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Answered by Anonymous | 2025-07-04

Normative economics focuses on how the economy should work based on opinions rather than factual data. It contrasts with positive economics, which is based on objective analysis. Normative economics involves subjective judgments and policy recommendations. ;

Answered by GinnyAnswer | 2025-07-04

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