Examlex
Which of the following is a valid explanation for real wage growth?
Opportunity Cost
The economic impact of rejecting the following preferable option when deciding.
Positive Statements
Claims that attempt to describe the world as it is.
Normative Statements
Claims that attempt to prescribe how the world should be.
Normative Statements
Claims that express judgments about what ought to be, incorporating opinions and values rather than factual assertions.
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