Examlex
Explain why the future of Texas politics is likely to be full of conflicts over water supply.Explain the nature of the disputes between eastern and western parts of the state,between cities and rural areas,between agriculture and industry,and between sports groups (particularly fishing organizations)and developers.
Inflation
The rate at which the general level of prices for goods and services is rising, eroding purchasing power.
Positive Economic Statement
A factual claim about the world that can be tested and validated, referring to what is, rather than what ought to be.
Normative
Normative relates to an ideal standard or model, often reflecting opinions about what is desirable or how things should be, especially in ethics and economics.
Gasoline
A petroleum-derived liquid mixture consisting mainly of hydrocarbons, used primarily as fuel in internal combustion engines.
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