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Author Question: Which of the following are positive economic statements and which are normative economic ... (Read 105 times)

lidoalex

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on: Oct 5, 2019

Which of the following are positive economic statements and which are normative economic statements?

a.

An increase in the price of gasoline will decrease the quantity of gasoline purchased.

b.

The government should eliminate the minimum wage.

c.

All states should raise the minimum wage to at least $10 per hour.

d.

The government should scrap its current income tax structure in favor of a flat tax.

e.

Unemployment has increased since the onset of the recession.

f.

The government should not bail out investment banks during a financial crisis.
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Marked as best answer by lidoalex on Oct 5, 2019

ryrychapman11

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Reply #1 on: Oct 5, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lidoalex

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Reply 2 on: Oct 5, 2019
Great answer, keep it coming :)

chjcharjto14

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Reply 3 on: Yesterday
Excellent

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