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

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Averie Andrews

Business

31 March, 08:02

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

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Barton · 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."