Normative Economic Analysis Involves

question 228

Multiple Choice

Normative economic analysis involves

• A) positive analysis.
• B) value judgments.
• C) if-then statements.
• D) objective descriptions of the way things are.

---

Definitions:

Internally Restricted

Funds or assets within an organization that are designated for a specific purpose by the entity's management, not external restrictions.

Externally Restricted

Funds or resources that are restricted in use by external parties or agreements, often specified for particular purposes or projects.

Diversity

The inclusion of different types of people (such as people of different races, cultures, or genders) in a group or organization.

Abundance

The situation in which there is more than enough of a particular resource or commodity available.