Question:
Which statement is not related to Normative Economics?
Which statement is not related to Normative Economics?
Updated On: Apr 12, 2024
- It prescribes norms of welfare of the society
- It regulates in order to achieve idealised norms
- It explains ideal situation and gives policy prescriptions explicitly
- It explains actual behavior of economic agents
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The Correct Option is D
Solution and Explanation
The Correct Option is (D): It explains actual behavior of economic agents
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