Explain which of the following is a positive or a normative statement. (a). Like Los Angeles, the
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(a). Like Los Angeles, the minimum wage rate across the counry should be $15 per hour.
(b). According to a survey, the average salaries of fortune 500 CEOs is approximately $16 million per year.
(c). After the Great Recession the unemployemt rate has gradually declined and it is around 5% now.
(d). Most Americans think the inflation rate should not exceed 2 per cent.
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First two statement are normative and last two are positive First two state...View the full answer
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