We learned about the economic approach where economists analyze issues by forming positive and normative statements. Evaluate these statements and determine whether they are normative or positive. a. The U.S. should provide more foreign aid to Central America. b. Lower taxes will lead to more household saving. c. There needs to be more regulation on financial institutions. d. When the U.S. increase their deficit spending, interest rates rise. e. Raising the minimum wage will reduce poverty rates. f. Countries should embrace free trade. g. Expanding Medicaid will lead to more people having health insurance