7. Which of the following is an example of a normative, as opposed to positive, statement? a. Universal health care would be good for U.S. citizens. b. An increase in the cigarette tax would cause a decrease in the number of smokers. C. A decrease in the minimum wage would decrease unemployment. d. A law requiring the federal government to balance its budget would increase economic growth. 8. As the price elasticity of supply approaches infinity, very small changes in price lead to a. very large changes in quantity supplied. b. very small changes in quantity supplied. c. no change in quantity supplied. d. None of the above is correct. 9. Welfare economics is the study of a. the well-being of less fortunate people. welfare programs in the United States. c. how the allocation of resources affects economic well- being d. the effect of income redistribution on work effort