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Tidy Tidy
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8 years ago
Which of the following are positive economic statements and which are normative economic statements?

a.   An increase in the price of gasoline will decrease the quantity of gasoline purchased..
b.   The government should eliminate the minimum wage.
c.   All states should raise the minimum wage to at least $10 per hour.
d.   The government should scrap its current income tax structure in favor of a flat tax.
e.   Unemployment has increased since the onset of the recession.
f.   The government should not bail out investment banks during a financial crisis.
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
The textbook reference in your signature really helped me narrow it down.

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