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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 5
Problem 5
Why is the statement 'The Earth is flat' considered a positive statement?
A
Because it includes the word 'is'.
B
Because it can be tested and verified.
C
Because it expresses a widely held belief.
D
Because it is universally accepted as true.
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