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Define the Positive statement in your own words. Provide an original, economics-based explanation of the term. Provide a real/hypothetical contextual example (different from that provided

Define the Positive statement in your own words.
Provide an original, economics-based explanation of the term.
Provide a real/hypothetical contextual example (different from that provided in the text) of the term as it is applied to economics.
Do not just list the above in bullet-point style.

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