Concept:The statement is a value judgment because it expresses an opinion about what is desirable for the economy.
Explanation:Statements in economics are classified as positive or normative.
Positive reasoning deals with facts that can be tested and proven objectively.
Normative reasoning deals with personal values and opinions about what ought to be.
The statement claims that privatising public enterprises will lead to efficient management of resources.
This is not an established, testable fact but an opinion expressing support for the privatisation policy.
It recommends privatisation as beneficial to the economy, making it a value-based judgment.
Inductive and deductive reasoning concern logical processes of drawing conclusions and not value judgments.
Therefore, the statement is best described as normative reasoning.
Answer:A. Normative reasoning.