Normative statements:
A) can always be tested.
B) are based on value judgements.
C) are not based on facts.
D) do not express a collective opinion on a subject.
Correct Answer:
Verified
Q46: Economists:
A) never use data and tables.
B) never
Q47: If the price of textbooks rises and
Q48: The statement: 'John buys more of good
Q49: An economic theory claims that a rise
Q50: An economic model:
A) cannot be rejected.
B) cannot
Q52: Positive economics is a/an:
A) reflection of individual
Q53: To abstract from reality in an economic
Q54: An economic model is:
A) focused on all
Q55: A positive economic statement is:
A) an opinion
Q56: The Minister for Employment states that wage
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