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1.1 Economic methodology and the economic problem

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Question 36

Which one of the following is true?

A normative statement is one that is based on an underlying value judgement.

A positive statement must always be factually correct.

A normative statement is one that can be tested and validated using empirical data.

A positive statement is one that suggests what policies a government ought to introduce.

1.1 Economic methodology and the economic problem Questions

  1. A Level
  2. /Economics
  3. /1.1 Economic methodology and the economic problem