A Normative Economic Statement Can Be Proven Either True or False

question 68

True/False

A normative economic statement can be proven either true or false.

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Definitions:

Rules Of Descent

The legal principles that determine the distribution of a deceased person’s estate among heirs in the absence of a valid will.

Uniform

Consistent or identical clothing worn by members of an organization while participating in that organization’s activities.

Formalities

Specific procedures or requirements mandated by law or custom that must be observed to validate a legal document, agreement, or transaction.

Fraud

The wrongful or criminal deception intended to result in financial or personal gain.