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Economics- Macro
1.1.2 Positive and Normative statements
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Created by
Shakira Ahmed
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Cards (3)
What is a
positive statement
?
objective
statements that can be proved through observation or
tested
What is a
normative statement
?
subjective statements which carry
value judgements
/opinions
What are
value judgements
?
is a
subjective
statement of opinion rather than a
fact
that can be tested looking at
evidence