Normative Economic Analysis Always Involves

question 42

Multiple Choice

Normative economic analysis always involves

• A)true statements.
• B)testable hypotheses.
• C)value judgments.
• D)purely descriptive statements.

---

Definitions:

Participative Leadership Style

A leadership approach where the leader includes team members in the decision-making process, fostering collaboration and collective involvement.

Achievement-Oriented Leadership

Is a leadership style characterized by setting challenging goals, emphasizing excellence and performance, and demonstrating confidence in followers' ability to meet high standards.

Path-Goal Model

A leadership theory that suggests the leader's job is to assist followers in attaining their goals and to provide direction or support needed to ensure their goals are compatible with the objectives of the group or organization.

Substitutes for Leadership

Substitutes for leadership refer to factors that reduce the impact of direct leadership, such as established procedures, cohesive teams, or intrinsic motivation.