Which of the Following Is True of Normative Economics

question 74

Multiple Choice

Which of the following is true of normative economics?

• A) It is an objective method of analysis that is based on facts.
• B) It prescribes policies based upon personal value judgments.
• C) It is a scienti?c approach to the study of economic events.
• D) It is based on a technical understanding of economic problems.

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Definitions:

Urban Settings

Urban settings refer to areas characterized by high population density and vast human features in contrast to natural environments, often associated with cities or towns.

Delusional Thinking

A type of thinking marked by persistent beliefs that are contradicted by reality or rational argument, typically observed in psychotic disorders.

Schizotypal

describes a personality disorder characterized by severe social anxiety, thought disorder, paranoid ideation, derealization, and often unconventional beliefs.

Emotional Instability

A characteristic of individuals who experience rapid, intense emotional shifts and unpredictability in emotional responses, often seen as part of personality dimensions like neuroticism.