51.8k views
4 votes
Normative economic analysis involves value judgments and opinions. purely descriptive statements. testable hypothes

User LucasS
by
6.7k points

1 Answer

4 votes

Answer:

value judgments and opinions

Step-by-step explanation:

Normative Economics is a term that describes a form of contemporary economics which concentrates on the expected economic ideals or standards in relation to the advancement of all aspect of the economy.

Hence, Normative economics can be said to involve value judgment and opinions of what the economy as a whole should be.

Therefore, the right answer is "value judgment and opinion."

User Bourneli
by
6.9k points