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    3. Economics
    4. Welfare Economics
    5. __________ Economics is based on value judgment - what should be' or 'what ought to be'.

    Question

    __________ Economics is based on value judgment - what

    should be' or 'what ought to be'.
    A Monetary Correct Answer Incorrect Answer
    B Positive Correct Answer Incorrect Answer
    C Normative Correct Answer Incorrect Answer
    D Micro Correct Answer Incorrect Answer

    Solution

    The correct answer is C

    Practice Next
      More Welfare Economics Questions
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    • Which of the following statement/statement are definitely true?

      I. V is the grandson of T.

      II. W is the aunt of U.

      III. V is the son of U.

    • _____ is the father of _____.

      I. V, U

      II. P, Q

      III. U, T

    • In a family, there are only six members, S is the brother-in-law of T. T is the brother of Q. U is the father of Q. R is the paternal uncle of Q. V is the ...
    • W is the son of S. V is the son of T. W is married to U. U is T’s daughter. How is V related to W?

    • How is U related to the mother of V?

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