"The role of government in the economy should be kept to a minimum" is an example of a positive economic statement.
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Q17: If economic theories are solidly based on
Q18: The process by which capital goods are
Q19: Marginal analysis means that decision makers compare
Q20: Economics is the social science concerned with
Q21: Economic principles are value judgments about what
Q23: The budget line shows the various incomes
Q24: The quantity or supply of land resources
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