The Secretary of Labor states that wage rates in the country have risen by 2 percent this past year. The head of a local labor union states that wage gains have not kept pace with the 3 percent rate of inflation. The Secretary's statement is a (n) ____ economic statement, and the labor head's statement is a (n) ____ economic statement.
a. normative; normative
b. normative; positive
c. positive; normative
d. positive; positive
e. proper; improper
Question 2
Which of the following is the best example of a normative economic statement?
a. A rise in gasoline prices will cause gasoline purchases to fall.
b. The federal government should spend more on health care.
c. Raising the minimum wage will result in greater unemployment.
d. If more money is printed, then the economy's price level will rise.
The extent of acid rain in the United States has decreased.
Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
On May 15, 1916, after deliberating for one hour, an all-white jury in Waco, Texas, found seventeen-
Food Assistance Programs in the United States
Suicide rates in Canada are more than three times higher for males than for females
Age structure for the United States