Multiple Choice
If John says the price of gasoline is too high and Paul says prices are determined by the action of the marketplace, then John has made a(n) :
A) positive economic statement, and Paul has made a normative economic statement
B) positive economic statement, and Paul has made a positive economic statement
C) normative economic statement, and Paul has made a normative economic statement
D) normative economic statement, and Paul has made a positive economic statement
E) improper economic statement, and Paul has made a proper economic statement
Correct Answer:

Verified
Correct Answer:
Verified
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