Deciding What the Distribution of Income Should Be Is an Example

question 24

True/False

Deciding what the distribution of income should be is an example of normative economics.

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Definitions:

Canada

A country in North America, known for its vast landscapes, multicultural communities, and strong economy.

Executive Vice President

A high-ranking corporate officer, typically just below the president or CEO, responsible for overseeing significant areas of a company's operations or divisions.

Human Resources Director

A senior-level executive responsible for overseeing the development and implementation of policies and strategies related to the management of an organization’s employees.

Strategic

Pertaining to the identification of long-term goals and the formulation of plans to achieve them, taking into account resources, competition, and the external environment.