Normative economics deals with
...Normative economics deals with
What is and not what should be
Facts and not figures
Facts and figures
Value judgements
Correct answer is D
Normative economics deals heavily with value judgments and theoretical scenarios.
For a supply curve, an increase in the price of a commodity will result in ...
Supply of agricultural products is likely to be elastic in the ...
The equation MV PT is known as ...
The concept of opportunity cost is important to the firm because it ...
Development plans fail in Nigeria mainly because of ...
Which of the following over estimates the value of national income? ...
An indicator of growth in an economy over a period of time is the ...