Examlex
Match the terms with the best description.
-chart data follows a strict chronological order for organization
Normative Statements
Statements that express value judgments or opinions about what ought to be, rather than facts that can be tested or verified.
Facts
Pieces of information that are verifiably true and can be proven with evidence or observation.
Rational Individuals
The concept that individuals make decisions based on the maximization of their utility or benefit, taking into consideration all available information and factors.
Preferences
The individual tastes and choices made by consumers in regard to different goods and services.
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