A normative economic statement can be proved or disproved by reference to facts?

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Business

Elvis Montoya

15 February, 00:21

A normative economic statement can be proved or disproved by reference to facts?

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Leonard Cervantes · Answer 1

No, A "Normative economic statements are those statements that cannot be either proved or disproved with reference to facts."

However, "Positive economic statements are those statements which can be either proved or disproved with reference to facts."