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Use the following two statements to answer this question: I.In order to answer normative questions, ...
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Use the following two statements to answer this question: I.In order to answer normative questions, ...
Use the following two statements to answer this question:
I. In order to answer normative questions, it is necessary to make value judgments.
II. In order to conduct positive economic analysis, it is always necessary to use empirical evidence in addition to economic theories.
A) I and II are incorrect.
B) I is correct, II is incorrect.
C) I is incorrect, II is correct.
D) Both I and II are correct.
Textbook
Microeconomics
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8
th
Author:
Pindyck
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