Solved: What is difference between normative and positive statements, Microeconomics

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What is difference between normative and positive statements

Problem

1. Distinguish between theorems and precepts. Is it possible for two economists to agree about theorems but disagree about precepts? Why or why not?

2. What is the difference between normative and positive statements?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What is difference between normative and positive statements

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