Which of the Following Is a Normative Rather Than a Positive

question 16

Multiple Choice

Which of the following is a normative rather than a positive statement?

• A) The minimum wage is $7.25 per hour.
• B) Public education should be funded primarily at the state level.
• C) The federal debt exceeds $8 trillion.
• D) At its peak, unemployment exceeded 10% during the 2007-08 recession.
• E) The average real wage of high-school dropouts has fallen by 10% since 1970.

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Definitions:

Oligopoly

An economic condition where a few firms dominate the market, influencing prices and availability of goods or services.

Computer Processors

The central component in a computer that performs the calculations and processing required to execute commands and run software.

Intel And Amd

Two leading semiconductor companies known primarily for manufacturing microprocessors and other related technology components.

Distribution

The process of making a product or service available for the consumer or business user who needs it.