The economic approach in which we try to understand whether given mechanisms are desirable or not is known as .......... Option 1: Normative Economics Option 2: Positive Economics. Option 3: Cordinal Approach. Option 4: Ordinal Approach.

The answer is 'Normative Economics'. View full solution:

CUET Economics - The economic approach in which we try to understand whether given mechanisms are desirable or not is known as .......... | PYQs + Solutions

CUET Economics 2025 13 May Shift 2

Micro

Easy

Normative Economics

Positive Economics.

Cordinal Approach.

Ordinal Approach.

✅ Correct Option: 1

Related questions:

28 May Shift 2

In the course of production, exchange and consumption of goods and services, every society has to face a scarcity of resources; and it is the scarcity of resources that gives rise to the problem of .............

CUET Economics 2022 Slot 1

Match List I with List II

List I: Economic issue	List II: Refers to
A. Scarcity	I. Based on facts
B. Normative statement	II. Central problem of an economy
C. Positive statement	III. Problem of choice
D. What to produce	IV. Based on value judgment

Choose the correct answer from the options given below:

15 May Shift 1

Which of the following depicts the central problem of economy, 'How to produce'?

CUET Economics 2025 13 May Shift 2 PYQs

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