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sammy

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The difference between positive and normative statements is that a positive statement is always true while a normative statement might or might not be true. True or false? Explain.
 
  Indicate whether the statement is true or false

Question 2

There are several jewelry manufacturers in Richland. However, the jewelry produced by different manufacturers has different designs and the products are never identical. The jewelry market in Richland is an example of a ________.
 
  A) duopoly
  B) monopoly
  C) perfectly competitive market
  D) monopolistically competitive market



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Cheesycrackers

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Answer to Question 1

False. The difference between positive and normative statements is that a positive statement is about what is, while a normative statement is about what ought to be. A positive statement can be tested against the facts and may be proved to be right or wrong, whereas a normative statement depends on values and cannot be tested.

Answer to Question 2

D





 

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