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 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 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 : 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 : 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