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The difference between positive economic statements and normative economic statements is that

The difference between positive economic statements and normative economic statements is that
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Solution Guide / Answer Key:

ECONOMICS

Multiple Choice

           The difference between positive economic statements and normative economic statements is that

a.

both c and e are true

b.

positive statements are based on opinion while normative statements are based on fact

c.

positive statements are true and normative statements are often false

d.

positive statements are often false and normative statements are true

e.

positive statements are based on fact while normative statements are based on opinion

 

           FILE: MS WORD

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