Question

Identify the correctly matched pair in Column A and Column B from the following:

Column A		Column B
(1)	India should create more employment opportunities	(a)	Normative Economics
(2)	Unemployment	(b)	Microeconomics
(3)	Price behavior	(c)	Macroeconomics
(4)	Government-provided healthcare increases public expenditure.	(d)	Normative Economics

Options

• 1 - (a)

• 2 - (b)

• 3 - (c)

• 4 - (d)

Answer 1

4 - (d)

Explanation:

Normative economics is concerned with the value of economic fairness, or what the economy should be or should be built on. It must be subjective and value-based.