A Statement Describing How the World Is

question 62

Multiple Choice

A statement describing how the world is

• A)is a normative statement.
• B)is a positive statement.
• C)would only be made by an economist speaking as a policy adviser.
• D)would only be made by an economist employed by the government.

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Definitions:

Criminal Prosecution

The process by which a person is charged, tried, and possibly convicted of committing a crime, undertaken by the state.

Duress

The use of threats or force to compel someone to act against their will or to enter into a contract.

Unilateral Mistake

A situation where only one party to a contract is mistaken about the terms or subject-matter contained in that contract.

Voidable

A term describing a contract or agreement that can be legally declared invalid by one or more of the parties involved.