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.
Muskox populations remain in the Arctic all year, though they migrate to higher elevations in the wi
Saline Groundwater in the United States
Rates of Car Injuries and Fatalities by Age
Worldwide Mortality Rates and Causes of Death in Children Under Age 5
Harlem’s Promise Academy has a record of graduating and sending to college more than 90 percent ...
Efficient Allocation of Labor between Sectors