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Which of the following are positive economic statements and which are normative economic statements? b. C An increase in the price of gasoline will

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Which of the following are positive economic statements and which are normative economic statements? b. C An increase in the price of gasoline will decrease the quantity of gasoline purchased. The government should eliminate the minimum wage. All states should raise the minimum wage to at least $10 per hour. P d. e. f. The government should scrap its current income tax structure in favor of a flat tax. Unemployment has increased since the onset of the recession. The government should not bail out investment banks during a financial crisis. Use the editor to format your answer

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