CA Foundation Exam > CA Foundation Questions > Find the odd—a)Normative economics is c...
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Find the odd—
- a)Normative economics is concerned with welfare propositions.
- b)Normative economics is prescriptive in nature.
- c)Normative economics is regulatory in nature.
- d)Economic laws are hypothetical.
Correct answer is option 'D'. Can you explain this answer?
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Verified Answer
Find the odd—a)Normative economics is concerned with welfare pro...
Correct Answer :- d
Explanation : Economic laws are not hypothetical in nature, while many microeconomic models may involve many assumptions and tend to over simplify situations, the broad theories are still valid in the real world, it has been proven time and again with empirical data.
Normative economics deals with subjective economics, and are grounded in personal opinions rather than empirical facts. They tend to be prescriptive and regulatory in nature (ie, they contain advice on what should be done to solve a particular problem).
Most Upvoted Answer
Find the odd—a)Normative economics is concerned with welfare pro...
Explanation:
Normative economics is concerned with welfare propositions, and it is prescriptive and regulatory in nature. These are all true statements about normative economics. However, economic laws are not hypothetical, they are based on empirical observations and are considered to be true under certain conditions. Therefore, option D is the odd one out.
Normative economics:
-Normative economics is concerned with welfare propositions.
-Normative economics is prescriptive in nature.
-Normative economics is regulatory in nature.
Economic laws:
-Economic laws are not hypothetical.
-Economic laws are based on empirical observations.
-Economic laws are considered to be true under certain conditions.
Normative economics is concerned with welfare propositions, and it is prescriptive and regulatory in nature. These are all true statements about normative economics. However, economic laws are not hypothetical, they are based on empirical observations and are considered to be true under certain conditions. Therefore, option D is the odd one out.
Normative economics:
-Normative economics is concerned with welfare propositions.
-Normative economics is prescriptive in nature.
-Normative economics is regulatory in nature.
Economic laws:
-Economic laws are not hypothetical.
-Economic laws are based on empirical observations.
-Economic laws are considered to be true under certain conditions.
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Community Answer
Find the odd—a)Normative economics is concerned with welfare pro...
Which of the following is not correct?
a)Micro and Macro economics are complementary to each other
b)Every macro-economic problem requires micro-economic analysis for its proper understanding
c)Micro-economic behaviour can be added-up to derive macro-economic behaviour.
d)What is macro from the national angle is micro from world angle
Correct answer is option 'C'. Can you explain this answer?
a)Micro and Macro economics are complementary to each other
b)Every macro-economic problem requires micro-economic analysis for its proper understanding
c)Micro-economic behaviour can be added-up to derive macro-economic behaviour.
d)What is macro from the national angle is micro from world angle
Correct answer is option 'C'. Can you explain this answer?
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Find the odd—a)Normative economics is concerned with welfare propositions.b)Normative economics is prescriptive in nature.c)Normative economics is regulatory in nature.d)Economic laws are hypothetical.Correct answer is option 'D'. Can you explain this answer?
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Find the odd—a)Normative economics is concerned with welfare propositions.b)Normative economics is prescriptive in nature.c)Normative economics is regulatory in nature.d)Economic laws are hypothetical.Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Find the odd—a)Normative economics is concerned with welfare propositions.b)Normative economics is prescriptive in nature.c)Normative economics is regulatory in nature.d)Economic laws are hypothetical.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Find the odd—a)Normative economics is concerned with welfare propositions.b)Normative economics is prescriptive in nature.c)Normative economics is regulatory in nature.d)Economic laws are hypothetical.Correct answer is option 'D'. Can you explain this answer?.
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