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
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.
