Normative Economic Analysis Involves

question 192

Multiple Choice

Normative economic analysis involves

• A) true statements of facts only.
• B) testable hypotheses by scientists.
• C) value judgments and opinions.
• D) purely descriptive statements.

---

Definitions:

Traumatic

Pertaining to or involving an experience that is emotionally distressing or shocking, often leading to lasting psychological effects.

Generalized Competition

Refers to a broad or wide-ranging rivalry or contest across various fields or between entities not limited to specific categories.

Postman

A term traditionally used for a person who delivers mail and packages as part of a national postal service.