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Wealth of an Economy

Normative eco...

Question

Normative economic theory deals with ___________.

A

what are or how the economic problems facing the society are solved

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B

how the problem should be solved

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C

what to produce

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D

when to produce

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Solution

The correct option is A how the problem should be solved
Normative economics deals with 'what ought to be' . It mainly possess value judgements and does not deal with facts and data..

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