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Economics- Theme 1 > 1.1.2 > Flashcards

1.1.2 Flashcards

1
Q

Define positive statement

A

Objective
Based on factual evidence
Can be rejected or accepted

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2
Q

Define normative statement

A

Subjective
Based on opinion rather than factual evidence
Value judgement

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Economics- Theme 1 (32 decks)

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