A statement that the minimum wage should be increased is a:
A) positive statement.
B) normative statement.
C) ceteris paribus assumption.
D) scientific conclusion based on marginal analysis.
Correct Answer:
Verified
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
Q223: Which statement is positive? Which statement is
Q224: "Unemployment of 5% is too high" is:
A)a
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
Q229: Which statement is normative?
A)Government has grown too
Q230: Unemployment decreased to its lowest level in
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