Whether positive or normative economic analysis apply in the following situation.
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Concept Introduction:
Positive economic analysis: The positive economics is a statement of fact and it does not contain value judgments. The positive economics is based on the objective analysis. It deals with the question of what is. The positive statement can be tested and proven
Normative economic analysis: Normative is contains value judgments and it is subjective. The normative economics deals with the question of what ought to be. The normative economics cannot be tested and proven.
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