Which of the Statements Below Is/are Normative

question 44

Multiple Choice

Which of the statements below is/are normative?

• A) Economists need to include more reality in their models.
• B) Economists will use a model until it is refuted by someone.
• C) Microeconomists study economic growth.
• D) B and C

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Definitions:

Unregulated Speculation

Financial investments in markets without governmental oversight, potentially leading to volatile market conditions and financial crises.

Dynasty

A line of hereditary rulers of a country or empire; a succession of people from the same family who play a prominent role in business, politics, or another field.