--%>
Assignment Help - homework help

When is normative economics crucial

Can anybody suggest me the appropriate explanation for given problem regarding normative economics generally.

Normative economics is critical while an economist tries to: (i) predict how OPEC's refuse will influence gasoline prices. (ii) differentiate financial capital through economic capital. (iii) explain how voting patterns reflect economic circumstances. (iv) make value judgments regarding economic equity.(v) apply Occam's razor to make simpler a complicated theory.

Please friends help me to solve this problem as given in above.

   Related Questions in Public Economics

  • Q : Explain the problem of Macroeconomics

    Hello guys please suggest your answer for the given problem: A problem which MOST involves a macroeconomic problem is the result of a: (w) drought on the price of corn. (x) tax reform on the incomes of financial planners. (y) steel

    		•
  • Q : Positive declaration in positive

    When a mother tells her young child that thunder is caused by the angels bowling up in heaven, scientists would classify her statement as most clearly: (w) a normative statement. (x) a positive statement. (y) microeconomics in place of macroeconomics. (z) scientifical

    		•
  • Q : Lifelong objectives with utilitarian

    To be everlastingly part of an association where utilitarian principles were discussed was between the lifelong objectives of: (w) Jeremy Bentham. (x) Robert Owen. (y) Saint Simon. (z) John Stuart Mill Can someone

    		•
  • Q : Problem on Welfare Can someone help me

    Can someone help me in finding out the right answer from the following options. The equal shares criterion of distribution recommends that each and every individual must: (i) Receive income according to necessitate. (ii) Contribute equivalent producti

    		•
  • Q : Decision making and outputs as well as

    Particular decision making and how outputs and prices are determined are the mainly focus of: (w) Occam’s razor (x) microeconomic analysis. (y) macroeconomic theory. (z) economic efficiency Hey friends please give your opinio

    		•
  • Q : Problem on violating someone rights Can

    Can someone help me in finding out the right answer from the given options. Fee simple property rights do not permit private owners to: (1) Deny utilization of their goods to others. (2) Trade such rights with other people. (3) Employ goods in manner

    		•
  • Q : Population increase-Economic Growth I

    I have a problem in economics on Population increase-Economic Growth. Please help me in the following question. The production-possibilities frontier can be shifted external by: (i) Removing unemployment. (ii) Lowering the market prices. (iii) A popul

    		•
  • Q : When is Economics LEAST related with

    Economics like a science is LEAST related with how people: (w) try to make themselves happy. (x) utilize resources to try to satisfy their desires. (y) adjust to changes within government policies. (z) morally justify cheating upon their income taxes.

    		•
  • Q : Requirement of economic efficiency

    Economic efficiency needs which the: (i) Productivity is minimized subject to a specified cost. (ii) Production cost of a specified value of output is minimized. (iii) Cost is maximized subject to an output constraint. (iv) Whole dollar value of outpu

    		•
  • Q : Nature Adam Smith regarded the

    Adam Smith regarded the partition of labor like crucial for initiating a process of economic development, and capital accumulation like a key element which then drives additional development. In words of Smith, key elements that find

    		•