Normative Economics Includes All of the Following Except

question 91

Multiple Choice

Normative economics includes all of the following except:

• A)indicated ways of attaining a particular desirable social state.
• B)explains how economies operate.
• C)valuates and ranks several social states.
• D)assesses the desirability of a particular policy.

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Definitions:

Consensual

Involving or based on mutual agreement or consent between the parties involved.

Statutory

Related to or enacted by a statute, referring to laws passed by a legislative body.

Judgment

A formal decision or order given by a court regarding the legal disputes presented to it.

Lien

A creditor's legal claim on a debtor's property, enduring until the associated debt is fully repaid.