Author Question: Select the normative statement that completes the following sentence: If the minimum wage is raised: ... (Read 105 times)

vinney12 · **on:** Jun 30, 2018

Select the normative statement that completes the following sentence: If the minimum wage is raised:
a. cost per unit of output will rise.
b. workers will gain their rightful share of total income.
c. the rate of inflation will increase.
d. profits will fall.

Question 2

Which of the following is a normative statement?
a. The deduction for state taxes cost the federal government 100 billion per year.
b. Taxpayers in North Carolina pay state taxes which are above the national average.
c. Twenty-two states use a lottery to raise state taxes.
d. Congress is considering the president's tax plan to increase taxes which is a fair plan.