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Question

Normative Economics Deals with _____________.


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Solution

  1. Opinions
  2. Facts
  3. Both A) and B)
  4. None of the options is correct

Answer A: Opinions

Explanation: The reliance of people, communicated as valued decisions dependent on moral and moral contemplations, are named as normative statements or regulating proclamations. These explanations that depict what should be based on moral contemplations are the topic of regulating normative economics.


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