Normative Economics Is

question 37

Multiple Choice

Normative economics is:

• A) completely free of any value system.
• B) completely objective.
• C) based on a a conscious effort to implement a particular social goal.
• D) an approach that determines the effect of particular actions without judgment of the result being good or bad.

---

Definitions:

Mental Condition

A broad term referring to any disorder or disease affecting the mind, including psychological or psychiatric conditions.

Mental Incompetence

A legal determination that a person is incapable of making decisions because of mental disability or illness.

Common Law

A legal system based on judicial decisions and precedents rather than statutory laws.

Twenty-One Years

An age often associated with full legal adulthood in many jurisdictions, granting all legal rights and responsibilities.