Examlex
A good for which no exclusive property rights exist is a:
Formal Statement
A formal statement typically refers to an official, explicitly articulated declaration of facts, intentions, or principles.
Empirical Measure
A method or metric that is based on observation or experience rather than theory or pure logic.
Causal Statement
A declaration that indicates a cause-and-effect relationship between two events or variables.
Positive Economics
A branch of economics that focuses on describing and explaining the economic world as it is, not as it should be.
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