Difference between analytical and normative economics

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1. Explain the difference between analytical and normative economics. In a daily newspaper or online news, find three examples of analytical statements and three examples of normative statements.

2. After graduation, do you plan to continue your education, get a job or travel? What are the opportunity costs for each alternative?

3. Give three examples of economic decisions you had to make this week. Explain why each was an economic decision. What was the opportunity cost of each decision?

Reference no: EM133102662

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