What Do We Call Theory That Deals with Questions of "Right

question 29

Multiple Choice

What do we call theory that deals with questions of "right" and "wrong"?

• A) Prescriptive.
• B) Normative.
• C) Postpositivist.
• D) Empirical.

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Definitions:

Yen Appreciates

This occurs when the value of the Japanese yen increases relative to other currencies in the foreign exchange market.

Dollar Appreciates

An increase in the value of the US dollar compared to other currencies, making imports cheaper and exports more expensive.

Balance Of Payments

A record of all financial transactions between a country and the rest of the world.

Capital Account

In economics, part of a nation's balance of payments that records all transactions involving the purchase and sale of assets such as stocks, bonds, and real estate.