1 answer

Classify each characteristic according to whether it describes positive economics or normative economics. Positive economics Normative...

Question:

Classify each characteristic according to whether it describes positive economics or normative economics. Positive economics

Classify each characteristic according to whether it describes positive economics or normative economics. Positive economics Normative economics Answer Bank describes current economic events involves recommendations or arguments about what should be is concerned with making predictions about how the economy will change as a result of specific events is concerned with how a variety of moral or ethical questions should be solved is concerned with the effects an economic decision will have on people and not how they will feel about it or what they will believe about why that decision was made offers plans for what the economy should look like based on individuals' subjective values and beliefs

Answers

Describe current economic events,is concerned with making prediction about how the economy will change as a result of specific events,is concerned with the effects an economic decision will have on people and not how they will feel about it or what they will believe about why that decision was made.

These are positive economics.

Remaining are the normative economics.

.

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