Normative economics is an approach to economics that
A. applies statistical techniques and data to economic problems.
B. analyzes outcomes of economic behavior, evaluates them as good or bad, and may prescribe preferred courses of action.
C. examines the role of government in the economy.
D. seeks to understand behavior and the operation of systems without making judgments.
Answer: B
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A) can; can B) cannot; can C) might be able to; might be able to D) cannot; cannot E) can; cannot
According to Table 6.1, there are less than one million heads of households who worked full-time year round and were poor
Indicate whether the statement is true or false
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