Normative economics deals with
...Normative economics deals with
What is and not what should be
Facts and not figures
Facts and figures
Value judgements
Correct answer is D
Normative economics deals heavily with value judgments and theoretical scenarios.
The equilibrium wage in an economy is determined by the ...
A monopolist can boost up his revenue by ...
The gains from international trade are shared on the basis of the ...
If the foreign exchange rate is N80 to £1, then a bicycle bought for £40 will cost ...
The growth of the population is the ...
The International Monetary Fund (IMF) is an international organization which ...
Organization and entrepreneurship are vested in diferrent persons in a ...
Economic development may be defined as economic growth ...