Economic Methodology (1.1) Flashcards

1
Q

positive statement

A

can be tested and is factual

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

normative statement

A

opinion and cannot be tested, value judgement

How well did you know this?
1
Not at all
2
3
4
5
Perfectly