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d1i1m1o1n [39]
3 years ago
14

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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Which of the following is true about career goals?
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3 years ago
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lara31 [8.8K]
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A news article details the destruction of a recent earthquake. Which of the following are readers of the article likely to do as
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A news article details the destruction of a recent earthquake. Readers of the article likely to do as result are Overestimate their risk of earthquakes. Thus option A is correct.

<h3>What is Earthquake?</h3>

Earthquakes is referring to a kind of natural disaters which occurs due to the movement of tectonic plates. when these tectonic plates move and collapse with one another results in an earthquake.

When a news article shows destruction related to earthquakes people will most likely analyze their risk from earthquakes and evaluate whether they are safe from them or not.

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economic (or business) cycles are less severe.

Explanation:

If the wages follow the general price level, it means that they will follow the inflation rate. When the economy is strong and inflation might rise, then the wages should increase accordingly. When the economy is starting to enter a recession then the inflation rate will reduce, so wages will not increase as much (if any increase at all).

This type of economic policy favors expansion cycles since private consumption is the main component of the GDP and also helps when the economy enters a recession because the wages will follow inflation rate which will help make the recession less severe and hopefully shorter.

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