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Which of the following is standard-definition quality video?
Normative Economic Statements
Assertions about what ought to be in the economy, reflecting judgments and prescriptions for economic policy.
Positive Economic Statements
Statements that can be tested and validated; they describe the world as it is versus how it should be.
Opinion
A personal view, attitude, or appraisal.
Rational Behavior
The theory that individuals make decisions based on maximizing their own benefit or utility, considering all available information and the potential costs and benefits.
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