Which of the following is an example of a positive, as opposed to normative, statement?
a. When the minimum wage is increased, unemployment is a predictable consequence.
b. The income tax rate should be increased to offset the budget deficit.
c. Increasing government spending is the best way to help the economy move out of a recession.
d. More than one of the above are positive statements.
a
Economics
You might also like to view...
The circular flow shows that GDP measures
i. total income. ii. total expenditures. iii. price changes. A) i only B) ii only C) iii only D) i and ii E) i, ii, and iii
Economics
A binding minimum wage creates unemployment
a. True b. False Indicate whether the statement is true or false
Economics