Normative Economics Is

question 129

Multiple Choice

Normative economics is

• A) analysis involving value judgments about economic policies; or a statement of "what ought to be."
• B) analysis that is strictly limited to making either purely descriptive statements or scientific predictions.
• C) analysis of the behavior of the economy as a whole.
• D) decision making undertaken by households and business firms.

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Definitions:

Marital Stability

The state of a marriage being consistently healthy, strong, and free from significant conflict or problems over time.

Visitation

The act of visiting, which can refer to spending time with someone or the legal right to visit one's child, often used in the context of divorce or separation.

Financial Issues

Problems or challenges related to managing money, income, debts, or investments.

Bitter Resentment

Intense and persistent feelings of anger and ill-will towards someone or something perceived as having wronged one.