Which statement is normative?
A) The minimum wage has not kept pace with inflation.
B) The minimum wage is an important tool in fighting poverty and should be increased.
C) The minimum wage can cause higher unemployment for teens and unskilled workers.
D) A higher minimum wage is expected to increase the price of a fast-food cheeseburger.
Correct Answer:
Verified
Q234: A normative statement deals with:
A)the facts.
B)what was,is,or
Q235: "The rate of unemployment is 9%." This
Q236: In the circular-flow diagram,firms receive money for
Q237: Which statement is positive?
A)The rate of unemployment
Q238: Which statement is positive?
A)The rate of unemployment
Q240: Which statement is a positive economic statement?
A)Government
Q241: Suppose residents of Montana operate on their
Q242: The financial meltdown in 2008-2009 was partially
Q243: It is impossible for economists to use
Q244: Use the following to answer question:
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents