Which statement is not related to Normative Economics? Option 1: It prescribes norms of welfare of the society Option 2: It regulates in order to achieve idealised norms Option 3: It explains ideal situation and gives policy prescriptions explicitly Option 4: It explains actual behavior of economic agents

The answer is 'It explains actual behavior of economic agents'. View full solution:

CUET Economics - Which statement is not related to Normative Economics? | PYQs + Solutions

CUET Economics 2023 20 June Shift 1

Micro

Easy

It prescribes norms of welfare of the society

It regulates in order to achieve idealised norms

It explains ideal situation and gives policy prescriptions explicitly

It explains actual behavior of economic agents

✅ Correct Option: 4