Maneesha has completed an analysis of the market for a prescription medication. She has determined that the policymaker should act to prevent an increase in the price of this drug on the grounds that the mainly elderly consumers of the medication already have spent their lives paying too much for pharmaceuticals. They ought not to have to pay higher prices, Maneesha has concluded, so the government should act to halt any further price increases in this market. Has Maneesha applied positive or normative economic analysis?

Question

Maneesha has completed an analysis of the market for a prescription medication. She has determined that the policymaker should act to prevent an increase in the price of this drug on the grounds that the mainly elderly consumers of the medication already have spent their lives paying too much for pharmaceuticals. They ought not to have to pay higher​ prices, Maneesha has​ concluded, so the government should act to halt any further price increases in this market. Has Maneesha applied positive or normative economic​ analysis?

Part 2
Maneesha has applied ---a. positive or  b. normative ---economic analysis because her finding---c. is.or d. is not--- a value judgment or a statement of her subjective feelings.

GPT 3.5 · Answer

Maneesha has applied normative economic analysis because her finding is a value judgment or a statement of her subjective feelings.