Correct Answer: Evaluating the impact of economic policies

Solution : The correct answer is (b) Evaluating the impact of economic policies.

Normative economics is concerned with making value judgments and evaluating the desirability or appropriateness of different economic policies, systems, or outcomes. It involves analyzing economic issues from a normative or prescriptive perspective, considering subjective values and goals. Normative economics aims to provide recommendations or judgments on what should or ought to be done in the economic sphere.