I have a doubt in a question of Chapter 1. It says: normative economics is also known as a) prescriptive economics b) positive economics c) applied economics d) none of the above (I selected option a

Question

Sivavelavan · Answer

Answer is option a because normative means it is our desire that it will happen Eg of positive The unemployment rate is 12% Eg of normative is I wish The unemployment rate is 12%

Drishti · Answer

a hi aayega ans chahe google pe dekhlo

Avni · Answer

Hey you are correct the answer is normative economics only Positive economics is descriptive and normative economics is prescriptive

Lilawati · Answer

Answer is option b)

Lavi · Answer

but positive is toh "stating facts"...and normative involves judgements...

Darshini · Answer

Positive

Durgesh · Answer

Positive economics because it shows cause and effect relationship between variable and objective and it state what is ?

I have a doubt in a question of Chapter 1. It says: normative economics is also known as a) prescriptive economics b) positive economics c) applied economics d) none of the above (I selected option a

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