Normative economics is _________ in nature.

modern

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descriptive

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prescriptive

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none of the above

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Solution

The correct option is B prescriptive
Normative economics deals with what ought to be or how the economic problems should be solved. It discusses what the desirable things are and how they should be realised. Thus it is suggestive in nature as it prescribes solutions to problems.

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Similar questions

Define normative economics, with a suitable example.

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