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Give 2 examples of GATT.
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- What is the difference between a positive and a normative statement?Explain Say's Law as used in economics.Suppose you have $1000 to spend on shirts and sweaters. the price of a shirt is $35 and the price of the sweater is $5 a) The opportunity cost of buying one shirt is ......... sweaters b) The opprotunity cost of buing one sweater is......shirts