Examlex
How many times a year should you review your monthly budget?
Positive Statements
Objective statements that can be tested, amended, or rejected by referring to the available evidence.
Normative Statement
A value judgment about what ought to be, expressing opinions or assertions that cannot be tested or verified.
Positive Statement
An objective statement based on factual evidence that can be tested and validated, often describing what is, rather than what ought to be.
Microeconomics
A branch of economics that focuses on the actions of individuals and industries, like the dynamics between buyers and sellers, borrowers and lenders.
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