Define positive economic statements

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Which of the following define positive economic statements and which are normative?

1- Higher taxes an alcohol result in less drinking and driving.

2- The speed limit should be lowered to 55 miles per hour on interstate highways.

3- Higher gasoline prices cause the quantity of gasoline that customers buy to decrease.

4- A comparison of costs and benefits should not be used to assess environmental regulations.

Reference no: EM13686666

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