Normative analysis focuses on statements that can be tested against real-world data.
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Q19: One topic that microeconomics explores is how
Q20: Economists assume that most individuals act as
Q21: A testable proposition that predicts how people
Q22: Theories and models are explanations of how
Q23: A positive statement is prescriptive-it prescribes what
Q25: Which of the following forces us to
Q26: Scarcity exists for those with
A)lower incomes.
B)average incomes.
C)higher
Q27: Most disagreements among economists stem from normative
Q28: A good economic theory, or model, weeds
Q29: When two variables repeatedly change at the
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