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Positive and Normative Analysis
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Positive and Normative Analysis
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0. Basic Principles of Economics / Positive and Normative Analysis / Problem 2
Problem 2
Evaluate the statement: 'It is a good idea to invest in technology.' Is it positive or normative?
A
Positive, because it can be tested.
B
Normative, because it expresses an opinion.
C
Normative, because it is universally true.
D
Positive, because it describes a fact.
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