Which of the following statements are examples of positive economic analysis? Which are examples of normative analysis?
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Which of the following statements are examples of positive economic analysis? Which are examples of normative analysis?
a. An effective minimum wage policy in Japan would result in excess labor supply.
b. A drought in a rural area of Brazil that produces corn would cause the price of alcohol in the region to increase.
c. Germany should remove the taxes imposed on its automobile industry to encourage its development.
d. Enhancing the education level in India may increase the productivity of the country.
e. Hong Kong’s government should push the legislation of standard working hours to protect the rights of low-skilled workers.
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Related Book For
Principles Of Macroeconomics
ISBN: 9781292303826
13th Global Edition
Authors: Karl E. Case,Ray C. Fair , Sharon E. Oster
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