The development of an economic hypothesis through intuition, insight, or logic is associated with

ECONOMICS
JAMB 2023

The development of an economic hypothesis through intuition, insight, or logic is associated with

  • A. Deduction
  • B. Policy economics
  • C. Normative economics
  • D. Induction

Correct Answer: C. Normative economics

Explanation

Normative economics is a perspective on economics that reflects normative, or ideologically prescriptive judgments toward economic development, investment projects, statements, and scenarios. It expresses ideological judgments about what may results in economic activity if public policy changes are made.



Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *
Add Math
Don't want to keep filling in name and email whenever you make a contribution? Register or login to make contributing easier.