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A normative economic statement

A normative economic statement
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Solution Guide / Answer Key:

ECONOMICS

Multiple Choice

           A normative economic statement

a.

is a hypothesis used to test economic theory

b.

is a statement of fact

c.

is a statement of what ought to be, not what is

d.

indicates what will occur if certain assumptions are true

e.

enables economists to test hypotheses

 

           FILE: MS WORD

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