The Secretary of Labor states that wage rates in the country have risen by 2 percent this past year. The head of a local labor union states that wage gains should have been higher. The Secretary's statement is a(n) ____ economic statement, and the labor head's statement is a(n) ____ economic statement.
A) normative; normative
B) normative; positive
C) positive; normative
D) positive; positive
E) proper; improper
Correct Answer:
Verified
Q104: The expression "There's no such thing as
Q105: The economic way of thinking is
A) a
Q106: The difference between a positive economic statement
Q107: Which of the following is part of
Q108: Which of the following is a positive
Q110: Economic theory
A) is a set of definitions,
Q111: Which of the following is part of
Q112: Positive economics
A) postulates relationships among economic variables
Q113: Which of the following is true?
A) Positive
Q114: Which of the following is an example
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