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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 6
Problem 6
What is a normative statement?
A
A statement that is universally accepted as true.
B
A statement that describes how the world is, based on facts.
C
A statement that expresses an opinion about how the world should be.
D
A statement that can be tested and verified.
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