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Microeconomics 3.1.1 > Economic Methodology > Flashcards

Economic Methodology Flashcards

1
Q

What is a positive statement

A

Something you can test against fact

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2
Q

What is a normative statement

A

Subjective opinions that can’t be tested against fact

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3
Q

What is social science

A

When economics attempts to adopt a scientific methodology for observing the behaviour of individuals

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Microeconomics 3.1.1 (4 decks)

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