What role do ethics play in normative economics
Question 1: What is the difference between positive and normative economics? Which is more prevalent in today's economies? Why?Question 2: What role, if any, does ethics play in positive economics? What role do ethics play in normative economics?
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What role, if any, does ethics play in positive economics? What role do ethics play in normative economics?
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Its key advantage is high internal validity; its disadvantage is that randomization is often ethically or practically impossible.
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