Normative Economics Involves

question 45

Multiple Choice

Normative economics involves

• A) a statement of fact.
• B) a statement of "what should be."
• C) a statement of "what is."
• D) a statement that is purely descriptive.

---

Definitions:

Informal Social Relations

Interactions that occur outside of official or structured settings, often based on personal connections or social networks.

Rosabeth Moss Kanter

An influential American professor of business at Harvard Business School, known for her research on business management practices, organizational behavior, and gender issues in the workplace.

Managerial Positions

Roles or jobs within an organization that involve overseeing, directing, or administering operations and employees, often involving decision-making and leadership responsibilities.

Reference Group

A social group that serves as a point of reference for individuals in shaping their behavior, expectations, or attitudes.