3 years ago

Normative economic analysis involves value judgments and opinions. purely descriptive statements. testable hypothes

Business

1 answer:

grandymaker [24]3 years ago

5 0

Answer:

value judgments and opinions

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."

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