Question

Normative economics seeks to: a. objectively explain how the economy functions. b. objectively explain economic problems such as inflation and unemployment. c. determine the most appropriate economic goals for a society. d. determine how government policies affect the economy.

Answer 1

Answer:

C.

Explanation:

Normative Economics is the ideology in which the economists give their opinions or judgment about a scenario, economic developments, etc.

In this, the economists ponder over the economic matters by thinking "what ought to be" done. The economists in the normative economics give their opinions opposed to the positive economics. In positive economics, economists would give their opinions based on facts, whereas in normative economics, their opinions will be more prescribed basis. In this, the economists helps determining goal that will be beneficial for the society.

So, the correct option is C.