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    Exam 1: Introducing the Economic Way of Thinking
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    Positive Economics Is a Mode of Inquiry That Attempts to Explain
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Positive Economics Is a Mode of Inquiry That Attempts to Explain

Question 229

Question 229

True/False

Positive economics is a mode of inquiry that attempts to explain the observable, and is limited to verifiable statements, while normative economics suggests a course of action that we should take based on a particular set of values and preferences.

Correct Answer:

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