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Positive vs. normative economics

Economics & Finance · Foundations

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About this practice set

Positive vs. normative economics is a Economics & Finance quiz (Foundations) with 5 multiple-choice questions. Pick an answer and read the explanation that follows.

What you will be asked

  • A positive statement:
  • "Unemployment is 5%" is a:
  • "The government should lower taxes" is a:
  • Normative economics deals with:
  • A policy debate about fairness is mainly: