Which of the following is the study of economic policy recommendations?
A) positive economics
B) law and economics
C) microeconomics
D) development economics
E) normative economics

Question

Quizplus · Accepted Answer

Normative economics is concerned with making recommendations for economic policies based on value judgments and goals, rather than simply describing how the economy works (positive economics). Choice A (positive economics) is focused on describing and analyzing economic behavior and outcomes. Choice B (law and economics) is a subfield of economics that examines the interaction between legal systems and economic behavior. Choice C (microeconomics) is the study of how individuals and firms make decisions in the market, while choice D (development economics) focuses on the economic development of countries and regions.

Which of the Following Is the Study of Economic Policy