6 Which of the following statements are positive and which are normative: a An increase in productivity

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6 Which of the following statements are positive and which are normative: a An increase in productivity will increase living standards. b The government should raise taxes and spend the money on providing additional healthcare services. c Unemployment is efficient under some circumstances. d Everyone should give to charity.

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Economics

ISBN: 9781509540235

6th Edition

Authors: Michael Parkin, Melanie Powell, Kent Matthews

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