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Which of the following statements is true? Group of answer choices A normative statement is an economic statement that involves value judgments. They are subjective
Which of the following statements is true? Group of answer choices A "normative" statement is an economic statement that involves value judgments. They are subjective since everybody has a different opinion about what is desirable. A budget line shows the greatest possible combinations of two goods that can be purchased with a certain amount of income, given some prices. When income changes, the budget line will not shift at all. All of the above. Only a) and b)
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