In economics normative statements are about marginal costs

In economics, normative statements are about

( )marginal costs, not marginal benefits

( )he way things ought to be

( )marginal benefits, not marginal costs.

( )he way things are

Solution

Answer:

In economics, normative statements are about \"the ways things ought to be.\"

Explanation:

Normative approach refers to be what ought to be in a given situation whereas positive approach refers to what should be which can also be interperted as the ways things are.

In economics, normative statements are about ( )marginal costs, not marginal benefits ( )he way things ought to be ( )marginal benefits, not marginal costs. ( )

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