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Raising the minimum wage increases the rate of unemployment. Positive or Normative statement 

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manhokwe tawanda
manhokwe tawandaLv10
5 Jan 2021

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Related questions

In 3-4 paragraphs (12-15 sentences) explain using positive and a normative arugment why a business leader would oppose raising the minimum wage. Also, give a postive and normative arugment why a labor leader would favor raising the minimum wage. Be sure to supply both normative and positive statements.

Explain the difference between normative and positive economics.

Determine which of these statements are normative and which are positive and explain why you place them in the normative or positive category.

a- A higher minimum wage will reduce employment opportunities for minimum wage workers.

b- Increased demand for laptop computers will drive up their price

c- Falling gasoline prices will result in additional vacation travel

d- Health care subsidies will increase the consumption of health care

Explain the difference between normative and positive economics.

Determine which of these statements are normative and which are positive and explain why you place them in the normative or positive category.

a- A higher minimum wage will reduce employment opportunities for minimum wage workers.

b- Increased demand for laptop computers will drive up their price.

c- Falling gasoline prices will result in additional vacation travel.

d- Health care subsidies will increase the consumption of health care.

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