Normative economics is a branch of economics that deals with the value judgments and opinions about what ought to be done or what should be the goal of the economy. In simpler terms, it is concerned with what an economy ought to be like, rather than what it actually is. The correct answer to the question is option 'A', i.e., "What ought to be."

Explanation:

Normative economics focuses on the ethical and moral aspects of economic policies and decisions. It involves analyzing the best course of action for achieving a desirable outcome, rather than simply describing the current situation. It is a prescriptive approach that aims to suggest the best possible solutions to economic problems.

Normative economics is concerned with the following aspects:

1. Value judgments: Normative economics involves making value judgments about what is good and bad for society. It is concerned with the ethical and moral aspects of economic decisions, such as fairness, equality, and justice.

2. Policy recommendations: Normative economics provides policy recommendations based on the desired outcomes. It suggests the best course of action to achieve the desired economic goals.

3. Subjectivity: Normative economics is subjective because it involves personal opinions and values. Different people may have different opinions about what is desirable and what is not.

4. Ideology: Normative economics is influenced by ideology, such as socialism, capitalism, liberalism, etc. Each ideology has its own set of values and beliefs that influence normative economic decisions.

Examples of normative economics:

1. Increasing taxes on the rich to reduce income inequality.
2. Providing subsidies to renewable energy sources to reduce carbon emissions.
3. Implementing minimum wage laws to ensure fair wages for workers.
4. Providing free healthcare and education to all citizens to ensure equal access to basic services.

Conclusion:

Normative economics is an important branch of economics that provides value judgments and policy recommendations for achieving the desired economic outcomes. It is concerned with what ought to be rather than what is. Normative economics is subjective and influenced by personal opinions, values, and ideologies. It provides solutions to economic problems based on ethical and moral considerations.