Question
Categorize each of the following conclusions as resulting from positive analysis or normative analysis: a. A higher minimum wage will reduce employment opportunities for minimum
Categorize each of the following conclusions as resulting from positive analysis or normative analysis: a. A higher minimum wage will reduce employment opportunities for minimum wage workers. b. Increasing the earnings of minimum wage employees is desirable, and raising the minimum wage is the best way to accomplish this. c. Everyone should enjoy open access to health care at no explicit charge. d. Health care subsidies will increase the consumption of health care. e. The Bank of Canada plans to tighten monetary policy in the face of extreme inflation.
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