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Economics Theme 1 > LS4 - Positive and Normative Economics > Flashcards

LS4 - Positive and Normative Economics Flashcards

1
Q

Positive economic statements

A

Can be proven to be true or false - backed up by observations/data
Objective statements

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2
Q

Normative economic statements

A

Expression of opinions - cant be proven to be true or false
Subjective statements

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Economics Theme 1 (16 decks)

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