All of the following statements are examples of normative economic analysis except
A) as the demand for emergency room nurses increases, more students are choosing to enroll in nursing school.
B) to provide better care, doctors should be required to limit the number of patients they see each day.
C) people should be able to choose whether they want to purchase health insurance.
D) prescription drugs are too expensive and the government needs to regulate prices in the pharmaceutical industry.

Question

Quizplus · Accepted Answer

Normative economic analysis involves value judgments or opinions on what ought to be, while A describes a positive economic analysis, which is based on observable facts or relationships without making judgments about them.

All of the Following Statements Are Examples of Normative Economic