Which statement is positive? Which statement is normative? I.The federal minimum wage in 2016 was $7.25 an hour.
II.The minimum wage should be high enough that families will not live in poverty.
A) I is positive;II is normative.
B) I is positive;II is positive.
C) I is normative;II is positive.
D) I is normative;II is normative.
Correct Answer:
Verified
Q218: Households buy goods and services in the
Q219: In the circular-flow diagram,the flow of money
Q220: In the circular-flow diagram,a firm is an:
A)organization
Q221: Statements that make value judgments are:
A)pecuniary.
B)positive.
C)nominal.
D)normative.
Q222: Which statement is positive?
A)The poverty rate is
Q224: "Unemployment of 5% is too high" is:
A)a
Q225: A statement that the minimum wage should
Q226: "The current unemployment rate of 9% is
Q227: Which statement is positive?
A)The poverty rate should
Q228: Which statement is normative?
A)The rate of unemployment
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