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Question Practice

Which of the following statements is true about normative economics?

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MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Introduction
Question Bank

Which of the following stateme...

Single Answer MCQ
Q-00089245

Which of the following statements is true about normative economics?

1

It is based only on empirical data.

2

It is concerned with what is rather than what ought to be.

3

It involves subjective opinions about economic policies.

4

It strictly uses mathematical models.

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