Normative Economics: Definition & Examples


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question 1 of 3

What type of economics uses statements like 'what ought to be?'

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1. Normative economics often involves which of the following?

2. Which type of economics focuses on 'what is?'

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About This Quiz & Worksheet

Normative economics is a type of economics mainly used in specific situations and environments. To correctly answer the following quiz questions, you will need to understand the definition and traits of normative economics.

Quiz & Worksheet Goals

This quiz will require knowledge of:

  • Characteristics of normative economics
  • Where normative economics is used
  • A contrasting branch of economics

Skills Practiced

  • Critical thinking - apply relevant concepts to examine information about economics in a different light
  • Distinguishing differences - compare and contrast types of economics discussed in the lesson
  • Knowledge application - use your knowledge to answer questions about the use of normative economics

Additional Learning

For a more detailed look at normative economics, check out the lesson called Normative Economics: Definitions & Examples. This lesson discusses the following ideas:

  • Subjectivity in normative economics
  • Normative statements
  • When normative economics should and should not be used
  • Economic alternative that uses research and facts