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.

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Definitions:

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society, enriching its social fabric.

Employee Motivation

The level of energy, commitment, and creativity that a company's workers bring to their jobs, influenced by factors such as recognition, rewards, and work environment.

Herzberg's Motivator-Hygiene Model

A theory suggesting that job satisfaction and dissatisfaction arise from two different sets of factors: motivators that enrich an individual's job and hygiene factors that must be present to avoid dissatisfaction.

Hygiene Factors

Elements related to job environment such as salary, company policies, and working conditions, that can lead to dissatisfaction if not adequately addressed.