2. (LO 2) Identify each of the following statements as positive or normative: a) Canada is the...

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2. (LO 2) Identify each of the following statements as positive or normative:

a) Canada is the best country in the world to live in.

b) Canada’s national income has risen for the last five years.

c) If the world price of wheat rises, Canada will export less wheat.

d) Unemployment is a more serious problem than inflation.

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Principles Of Macroeconomics

ISBN: 9780226818399

8th Edition

Authors: Sayre, J.E.; Morris, A.J.

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