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Cheyenne Crates
on Oct 26, 2024

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"Many economists agree that income taxes should be increased for rich people" is a positive statement.

Positive Statement

An objective statement that can be tested or validated and is based on empirical evidence, focusing on what is rather than what ought to be.

Income Taxes

Taxes imposed by governments on the income generated by businesses and individuals within their jurisdiction.

  • Differentiate between positive and normative statements in economics.
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Sukhman DhillonOct 28, 2024
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