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We learn the concepts of positive and normative statements and their role in economics. Positive statements describe the world as it is, while normative

We learn the concepts of positive and normative statements and their role in economics. Positive statements

We learn the concepts of positive and normative statements and their role in economics. Positive statements describe the world as it is, while normative statements describe how the world should be. Can you give one example of each type of statement, and explain why it can be classified as positive or normative?

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