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:

Mana

A concept in Polynesian culture referring to a supernatural force or spiritual energy inherent in people, objects, and the environment.

Animatism

The belief that nature is enlivened or energized by an impersonal spiritual force or supernatural energy, which may make itself manifest in any special place, thing, or living creature.

Priests

Priests are religious leaders authorized to perform sacred rituals and guide individuals in matters of faith within various religions.

Priestesses

Female religious leaders or practitioners who perform sacred rites and ceremonies in various religious traditions.