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The economic problem

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Question 40

Which of the following describes a characteristic of a normative economic statement?

It is based on value judgements that cannot be scientifically tested

It is an objective statement that can be proven true or false using data

It focuses solely on establishing facts and statistical relationships

It describes how an economy actually behaves under specific conditions

The economic problem Questions

  1. A Level
  2. /Economics
  3. /The economic problem