Practicing Success
Practicing Success
CUET Preparation Today
Which of the following is an example of "Normative economics"? |
Increase in the inflow of foreign capital has led to increase in GDP More than 20% of the population is below poverty line Equal income distribution can solve the problem of poverty in India Government used CRR to check on deflation |
Equal income distribution can solve the problem of poverty in India |
Normative economics deals with the "Opinions" of various economists on the economic issues prevailing in the country. Different economists put forwards different solutions of the problems. Whereas, positive economics deals with "Facts and figures". Thus, option 3 is correct as it indicates a viewpoint of an individual and no facts and figures are being referred. |
