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1.1 Economic methodology and the economic problem

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Question 60

Which one of the following statements concerning positive and normative economics is correct?

A positive statement can be validated or refuted using empirical evidence.

A normative statement only deals with objective facts and data analysis.

A positive statement must always be factually accurate in order to be classified as positive.

A normative statement can be scientifically tested to prove whether it is right or wrong.

1.1 Economic methodology and the economic problem Questions

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