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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 1
Problem 1
Which characteristic is essential for a statement to be considered positive?
A
It must be universally accepted as true.
B
It must be testable and verifiable.
C
It must include the word 'should'.
D
It must express a personal opinion.
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