Question
Which of the following statements are positive, and which are normative? a. The minimum wage creates unemployment among young and unskilled workers. b. If the
Which of the following statements are positive, and which are normative?
a. The minimum wage creates unemployment among young and unskilled workers.
b. If the price of a product in a market decreases, other things equal, quantity demanded will increase.
c. If welfare benefits were reduced, the country would be better off.
d. The minimum wage ought to be abolished.
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Introduction to Probability
Authors: Mark Daniel Ward, Ellen Gundlach
1st edition
716771098, 978-1319060893, 1319060897, 978-0716771098
