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11. Are the following statements true or false? Explain your answers. a. When people must pay higher taxes on their wage earnings, it reduces their
11. Are the following statements true or false? Explain your answers. a. "When people must pay higher taxes on their wage earnings, it reduces their incentive to work is a positive statement. b. "We should lower taxes to encourage more work is a positive statement. c. Economics cannot always be used to completely decide what society ought to do. d. The system of public education in this country generates greater benefits to society than the cost of running the system is a normative statement. e. All disagreements among economists are generated by the media
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