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 to be evaluated.
C)would require data but not values to be evaluated.
D)could not be evaluated by economists acting as policy advisers.

Question

Quizplus · Accepted Answer

Normative statements are based on opinions and values, requiring both data and value judgments to evaluate their implications and desirability.

A Normative Economic Statement Such as "The Minimum Wage Should