Question : Normative economics is primarily concerned with:

Option 1: Analyzing economic data and trends

Option 2: Making value-free judgments about economic policies

Option 3: Evaluating economic theories and models

Option 4: Prescribing how the economy should function

Question : Positive economics primarily focuses on:

Option 1: Analyzing historical economic data

Option 2: Making policy recommendations

Option 3: Evaluating the ethical implications of economic decisions

Option 4: Describing how the economy functions

Question : Normative economics often involves:

Option 1: Empirical research and data analysis

Option 2: Developing economic theories and models

Option 3: Providing value judgments about economic outcomes

Option 4: Historical analysis of economic events

Question : Normative economics is often based on:

Option 1: Objective analysis and empirical evidence

Option 2: Subjective opinions and personal values

Option 3: Economic theories and models

Option 4: Historical trends and patterns

Question : Normative economics often involves:

Option 1: Forecasting economic indicators

Option 2: Analyzing historical economic trends

Option 3: Making policy recommendations based on personal values

Option 4: Conducting econometric analyses