A normative economic statement such as "The minimum wage should be abolished"
A) would likely be made by an economist acting as a scientist.
B) would require values and data in order to be evaluated.
C) would require data but not values in order to be evaluated.
D) could not be evaluated by economists acting as policy advisers.

Question

Quizplus · Accepted Answer

Normative economic statements involve value judgments and cannot be evaluated solely on data. Therefore, the statement "The minimum wage should be abolished" requires both values and data in order to be evaluated.

A Normative Economic Statement Such as "The Minimum Wage Should