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Is the Chinese econmy communist, capitalist, market-socialist – or something else?
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- How are economic systems linked to types of societies?Would an op-ed piece in a newspaper urging the adoption of a particular economic policy be a positive or normative statement?Which of the following statements is normative? a. Printing too much money causes inflation b. Gas prices should be fair c. The employment rate should be lower d. People work harder if the wage is higher