Answers to economic issues that depend on an individual's values or preferences are called ________ economics.
A) positive
B) passive
C) normative
D) mechanical
E) comparative

Question

Quizplus · Accepted Answer

Normative economics deals with subjective value judgments and opinions about how resources should be allocated. This type of economics often involves ethical or moral considerations that cannot be objectively measured or evaluated.

Answers to Economic Issues That Depend on an Individual's Values