Which Phrase(s) Is (Are) Associated with Normative Statements

question 184

Multiple Choice

Which phrase(s) is (are) associated with normative statements?

• A) c and e.
• B) Has been shown.
• C) Should be.
• D) Can be.
• E) More than.

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Definitions:

Neoclassical Economics

A branch of economics focusing on the determination of prices, outputs, and income distributions in markets through supply and demand, emphasizing rational individuals and efficient market outcomes.

Behavioral Economics

Behavioral economics studies the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.

Neoclassical Economics

A mainstream approach to economics that focuses on the determination of goods, outputs, and income distributions in markets through supply and demand.

Behavioral Economics

A field of economics that analyzes the effects of psychological, cognitive, emotional, cultural, and social factors on economic decisions.