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4) Identify the following statements as examples of positive economics or normative economics. (each 10 points/totally 20 points) a. The Federal government needs to raise
4) Identify the following statements as examples of positive economics or normative economics. (each 10 points/totally 20 points) a. "The Federal government needs to raise the minimum wage to $8 per hour so that families will have sufficient income to meet their basic needs." b. "A country's overall income is more important than how that income is distributed
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