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 : Positive economics involves:

Option 1: Assessing the impact of economic policies on societal well-being

Option 2: Conducting experiments to test economic theories

Option 3: Evaluating the ethical implications of economic decisions

Option 4: Analyzing economic data to understand cause and effect relationships

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 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