Question

While dealing with issues like how the national income should be distributed, what should be the wage rate, etc. the __________ aspect of economics is projected and brought out.

• A. positive
• B. normative
• C. both (a) and (b)
• D. neither (a) nor (b)

Answer 1

The correct option is B normative

Normative aspect explains what should be base of the subject according to the belief of individuals through valued judgement that describes the fairness of the subject on public policy which aims at social welfare.
Therefore, any opinion or judgement like how national income should be distributed is considered as normative because it is solved on the belief that it will bring welfare for the society in whole.