Determine whether each of the following statements is normative or positive: a. The U.S. unemployment rate was
Question:
Determine whether each of the following statements is normative or positive:
a. The U.S. unemployment rate was 6.2 percent in 2014.
b. The inflation rate in the United States is too high.
c. The U.S. government should increase the minimum wage.
d. U.S. trade restrictions cost consumers $100 billion annually.
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A positive statement is a statement about what is It can be supported or r...View the full answer
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Related Book For
Microeconomics A Contemporary Introduction
ISBN: 9781305505537
11th Edition
Authors: William A. McEachern
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