Examlex
Express 27% as a decimal.
Minimum Wage
The lowest legal hourly pay rate that employers can pay their workers, which is set by government law.
Price of Soybeans
The current market value at which soybeans can be bought or sold.
Normative Statement
Assertions or opinions that express what ought to be, involving value judgments and cannot be tested or verified.
Positive Statement
An objective statement based on factual information that can be tested and validated, often used in economics to describe what is happening without judgment of desirability.
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