Identify the following statements as either positive (P)or normative (N)and also whether they are microeconomic (MI)or macroeconomic (MA)in nature:
a)The government should impose a maximum on the price of oil.
b)The price of oil in Canada is determined by the market.
c)Economic growth is too low in Canada.
d)The lowest earning 20 percent of the Canadian population earn only 5 percent of the total income.
e)Unemployment is a far more serious problem than inflation.

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The Answer of Identify the following statements as either positive (P)or normative (N)and also whether they are microeconomic (MI)or macroeconomic (MA)in nature:
a)The government should impose a maximum on the price of oil.
b)The price of oil in Canada is determined by the market.
c)Economic growth is too low in Canada.
d)The lowest earning 20 percent of the Canadian population earn only 5 percent of the total income.
e)Unemployment is a far more serious problem than inflation.

Identify the Following Statements as Either Positive (P)or Normative (N)and