"An increase in the federal minimum wage will provide a living wage for the working poor" is:
A) a statement of positive economics.
B) a fallacy of composition.
C) a tautology.
D) a statement of normative economics.

Question

Quizplus · Accepted Answer

This statement is a normative statement, as it is an opinion about what should be done to address poverty among the working poor. It is not a factual statement about the minimum wage or its effects.

"An Increase in the Federal Minimum Wage Will Provide a Living