Normative economics can be best explained through:
Options
AFairness to tax
BIncidence to tax
CEffect of tax on incentives to work
DNone of these
For any discrepancies in this question, email contact@cadada.in
Introduction to Business EconomicsMTP Apr 23Question 728 of 209
All Questions Correct Answer
✅ Option a — Fairness to tax
All Options:
- AFairness to tax
- BIncidence to tax
- CEffect of tax on incentives to work
- DNone of these
About This Chapter: Introduction to Business Economics
Paper
Paper 4: Business Economics
Weightage
5%
Key Topics
Meaning, Scope, Price Mechanism
This chapter lays the groundwork for understanding Business Economics as a discipline. It covers the meaning, scope, and nature of economics — including key distinctions like Microeconomics vs Macroeconomics, Positive vs Normative economics, and the fundamental economic problem of scarcity. Students learn how businesses use economic principles for decision-making in a competitive marketplace.
View Official ICAI SyllabusExam Strategy Tip
Focus on definitions and distinctions between concepts. Questions often test whether you understand the difference between Micro and Macro, or Positive and Normative statements.
Related Comparison Tables
More Questions from Introduction to Business Economics
$The greater the inequalities in the distribution of money incomes, the ______ the inequalities in the distribution of national output.$
$Economics is a branch of _____ focused on the production, distribution and consumption of goods and services.$
When we study why saving rates are high or low, we are studying:
A study of how increases in the corporate income tax rate will affect the nation unemployment rate is an example of
A study of how increases in the corporate income tax rate will affect the nation unemployment rate is an example of
Which of these country is a purely socialist economy?
Ready to Master Introduction to Business Economics?
Practice all 209 questions with instant feedback, earn XP, track your streaks, and ace your CA Foundation exam.
Start Practicing — It's Free