Examlex
____ refers to claims or statements that superficially appear to be scientific but are not.
Normative Statement
A value judgment about what ought to be, expressing opinions or assertions that cannot be tested or verified.
Positive Statement
An objective statement based on factual evidence that can be tested and validated, often describing what is, rather than what ought to be.
Microeconomics
A branch of economics that focuses on the actions of individuals and industries, like the dynamics between buyers and sellers, borrowers and lenders.
Macroeconomics
The branch of economics that studies the behavior and performance of an economy as a whole, focusing on aggregate changes in the economy such as GDP and unemployment.
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