Question: Welfare and Efficiency - End of Chapter Problem a . Consider the difference between positive and normative policy analysis. Use this knowledge to complete the

Welfare and Efficiency - End of Chapter Problem
a. Consider the difference between positive and normative policy analysis. Use this knowledge to complete the passages.
economics involves describing what is happening or predicting what will happen.
economics concerns what should occur and involves value judgments.
b. Classify each statement as reflecting either positive or normative analysis.
Pncitive
Normative
Answer Bank
Welfare and Efficiency - End of Chapter Problem a

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