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“Economics is what it ought to be”. This statement refers to
  • a)
    normative economics    
  • b)
    positive economics    
  • c)
    monetary economics    
  • d)
    fiscal economics
Correct answer is option 'A'. Can you explain this answer?
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“Economics is what it ought to be”. This statement refers ...
Some possible first names for the surname "Burns" could include:

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“Economics is what it ought to be”. This statement refers ...
Normative economics (as opposed to positive economics) is a part of economicsthat expresses value or normative judgments about economic fairness or what the outcome of the economy or goals of public policy ought to be.
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“Economics is what it ought to be”. This statement refers toa)normative economics b)positive economics c)monetary economics d)fiscal economicsCorrect answer is option 'A'. Can you explain this answer?
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