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The Important Characteristic of Normative Statements Is That They

Question 60

Multiple Choice

The important characteristic of normative statements is that they


A) explain what really exists.
B) are based on somebody's values and cannot be tested.
C) explain what normally happens in the real world.
D) help guide us to what will normally occur if some economic variable changes its value.
E) do not use the ceteris paribus assumption.

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