Question 5
Basic ConceptsIn economic analysis, a statement is said to be normative if it
- A.relates to value judgement
- B.is incorrect
- C.can be tested scientifically
- D.is contradictory
Show the answer and explanation
Answer: A (relates to value judgement)
Explanation
Normative statements say what ought to be; they are based on opinions or value judgements and cannot be tested.