The type of economics that deals with prescriptive statements is
A) positive
B) medical
C) normative (welfare)

Question

Quizplus · Accepted Answer

Normative economics deals with prescribing what "should be" or what is best for the society or individuals. It is concerned with value judgments and offers statements on how economic policies and systems ought to be designed to achieve the best welfare outcomes. Positive economics, on the other hand, deals with descriptive statements about how the economy works and how economic agents behave. Medical economics is not a recognized subfield of economics.

The Type of Economics That Deals with Prescriptive Statements Is