Analysis That Involves Value Judgments About Economic Policies Is

question 202

Multiple Choice

Analysis that involves value judgments about economic policies is

• A) positive economics.
• B) normative economics.
• C) microeconomics.
• D) macroeconomics.

---

Definitions:

Particular Skill

A specific ability or expertise that an individual possesses, often contributing to their suitability for a specialized job or task.

Complementary Inputs

Inputs or goods that are used together in production and whose demand is positively related, meaning an increase in the price of one decreases the demand for the other.

Substitute Inputs

Alternative resources or materials that can be used in the production process to replace others without significantly affecting the output.

Poorly Targeted

Describes policies or measures that do not effectively reach the intended audience or beneficiaries, leading to inefficiencies or wasted resources.