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Tidy Tidy
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8 years ago
The economic analysis of minimum wage involves both normative and positive analysis. Consider the following consequences of a minimum wage:
a.   The minimum wage law causes unemployment.
b.   Unemployment would be lower without a minimum wage law.
c.   Minimum wage laws benefit some workers and harm others.
d.   The minimum wage should be more than $7.25 per hour.

Which of the consequences above are positive statements and which are normative statements?
A) a, b, and c are positive statements and d is a normative statement.
B) a and b are positive statements, c and d are normative statement.
C) Only a is a positive statement, b, c and d are normative statements.
D) a and c are positive statements, b and d are normative statements
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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Chimelo46Chimelo46
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8 years ago
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8 years ago
It was nothing, thanks for updating us.
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