Normative Analysis Is Very Important to Public Finance Because _____

question 13

Multiple Choice

Normative analysis is very important to public finance because _____.

• A)public policy enacted by government is the result of voting by individuals
• B)positive analysis is full of value judgments
• C)we should be concerned with how the world works
• D)voluntary exchanges are economically efficient

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Definitions:

Listening Skills

Refer to the ability to accurately receive and interpret messages in the communication process, crucial for effective interpersonal relations.

Body Language

The nonverbal signals that we use to communicate our feelings and intentions to others, including gestures, postures, and facial expressions.

Suspend Judgment

The practice of withholding judgment or conclusion until all evidence has been considered or more information is obtained.

Game Playing

Engaging in activities for entertainment or competition, which could also imply strategic behavior in non-entertainment contexts like business or politics.