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1.1 Economic methodology and the economic problem

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Question 7

A positive statement in economics is defined as one that

is completely free of any errors or inaccuracies.

is based on a value judgement.

can be verified or refuted by testing it against facts.

always relies on complex mathematical models.

1.1 Economic methodology and the economic problem Questions

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