Question : Positive economics is concerned with:

Option 1: Making value judgments about economic policies

Option 2: Analyzing economic data and facts

Option 3: Prescribing how the economy should function

Option 4: Assessing the ethical implications of economic decisions

Question : Normative economics deals with:

Option 1: Economic data analysis

Option 2: Objective and value-free analysis

Option 3: Economic policies and ethical judgments

Option 4: Economic theories and models

Question : Normative economics focuses on:

Option 1: Describing economic theories and models

Option 2: Evaluating the impact of economic policies

Option 3: Predicting future economic trends

Option 4: Analyzing historical economic events

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 aims to:

Option 1: Predict future economic trends

Option 2: Provide descriptive analysis of economic phenomena

Option 3: Make value judgments about economic policies

Option 4: Explain the causes of economic fluctuations