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the premises (actually values) upon which normative economics is based are three in number. First, economists evaluate policy ---- Question 24 options: on the basis

the premises (actually values) upon which normative economics is based are three in number. First, economists evaluate policy ---- Question 24 options: on the basis of its effect on the welfares of economic agents on the basis of its effect on consumer incomes using the principle, "the greatest good for the greatest number" none of these

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