Select the normative statement that completes the following sentence: If the minimum wage is raised:
A) cost per unit of output will rise.
B) workers will gain their rightful share of total income.
C) the rate of inflation will increase.
D) profits will fall.

Question

Quizplus · Accepted Answer

The statement "workers will gain their rightful share of total income" is normative because it makes a value judgement about what should happen if the minimum wage is raised. It implies a belief about what is fair or just. The other options (A, C, and D) are all positive statements that make predictions about what will happen if the minimum wage is raised, but they do not make value judgements.

Select the Normative Statement That Completes the Following Sentence: If