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Question 5 (2 points) There needs to be more regulation on financial institutions is an example of a statement and countries should embrace free trade is astatement. normative; normative positive; normative positive; positive normative; positive
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Both statements fall under the category of normative statements as both are prescriptive and value judgments. They refer to the best possible prescriptions precise figures and concrete details about the aforementioned's impact i.e. cause and impacts of the statements. Stricter financial regulations and promotion of free trade without going into the details of the current economic scenerio may lead to bad decision making.

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