Normative Economics Questions "What Ought to Be?" Positive Economics Predicts

question 179

True/False

Normative economics questions "What ought to be?" Positive economics predicts the consequences of alternative actions, answering the questions "What is?" or "What will be?"

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Definitions:

Indian Society

The social structure, cultures, and institutions of India, encompassing diverse religions, languages, and practices across the country.

Europeans

Refers to the people originating from or living in Europe, a continent that has been a major center of world affairs and cultures throughout history.

Gender Roles

Social and behavioral norms considered appropriate for individuals based on their perceived or actual sex, influencing aspects of daily life and societal expectations.