Which of the following falls within the domain of Normative Economics?

CA Foundation · Business Economics · MTP · June 2024
Which of the following falls within the domain of Normative Economics?
(A) A. How national income between different individuals is distributed?
(B) B. What actual wage rate is determined under monopsony in Labour market?
(C) C. What wage should be paid to the labourers so that they should not be exploited?
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. What wage should be paid to the labourers so that they should not be exploited?

Topics: Public Finance

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