--%>
Assignment Help - homework help

Explain about the normative economics

Please suggest me how to solve the problem of normative economics that is given below:

Normative economics is: (w) a description of how the economy works. (x) based upon empirical studies. (y) concerned along with such issues like equity. (z) a scientific approach to getting economic efficiency.

Please guys I need your advice.

   Related Questions in Public Economics

  • Q : Scaring people of a commodity or service

    Hello guys I want your advice. Please recommend some views for given problem that when are people of a commodity or service scarce: (1) gain from having this obtainable, (2) Wish more than the amount freely obtainable, (3) Say no to p

    		•
  • Q : Eccentricities of Jeremy Bentham The

    The eccentricities of Jeremy Bentham (from 1748 to 1832) did not comprise: (i) allowing a pet pig to freely roam his mansion. (ii) petitioning the London Council for permission to replace shrubbery beside his driveway along with mummi

    		•
  • Q : Illustrate an example of Efficiency in

    Bobby Joe Bob owns a hog feed factory within Los Angeles, CA. Oddly adequate, there is not a large market for hog feed within L.A. Bobby Joe Bob moves his operation to a minute, backwards town termed as The Sticks, NC, where a huge market for hog feed awaits him. That

    		•
  • Q : Achieving economic welfare For any

    For any given point on the production possibilities (or PPF) curve: (i) More economic welfare is achieved than from any points within the PPF. (ii) Moving to some other output combination should yield enhanced economic welfare. (iii) More of some good can be generated

    		•
  • Q : Which principle is simplest workable

    The principle which the simplest workable theory is also the fine is termed as: (i) positive analytics. (ii) minimalism. (iii) Occam's razor. (iv) simple-mindedness. (v) hypothesis testing. I need a good answer on the topic of

  • Q : Which aspect cannot given by Prices in

    Prices can’t give which one following aspect: (i) Incentives for efficient resource utilize. (ii) Guides for changing levels of production. (iii) Information regarding relative costs. (iv) Ideal references to cover all opportunity costs.

  • Q : Find an analysis of individual

    Analysis of individual households, markets and firms is: (w) macroeconomics. (x) microeconomics. (y) normative economics. (z) positive economics. Hey friends please give your opinion for the problem of Economic tha

    		•
  • Q : Existence of shortages or surpluses

    Shortages or surpluses exist while: (w) transaction costs are zero. (x) quantity supplied be different from quantity demanded. (y) monopolists enjoy exorbitant profits. (z) supply prices equivalent demand prices. H

    		•
  • Q : Define a common approach to economics A

    A common approach to economics involves studying how: (i) charging interest on loans can be ethical. (ii) resources are allocated to satisfy human wants. (iii) individuals and government should balance their budgets. (iv) to determine the best bargain

    		•
  • Q : Explain about the good economics models

    Good economic models are: (1) intricate models of all aspects of the actual economy. (2) designed to create economics hard. (3) simplifications of the real world. (4) scientific only when expressed mathematically.