Positive and normative statements differ in that
A) positive statements can be tested, whereas normative statements cannot.
B) normative statements can be tested, whereas positive statements cannot.
C) normative statements depict "what is" and positive statements depict "what ought to be."
D) normative statements never use the word "should."
A
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Which of the following is an assumption used when drawing a production possibilities frontier?
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John's utility from an additional dollar increases more when he has $1,000 than when he has $10,000. From this, we can conclude that John
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