Which of the Following Statements Are Positive and Which Are

question 41

Essay

Which of the following statements are positive and which are normative?
a.The minimum wage creates unemployment among young and unskilled workers.
b.The minimum wage ought to be abolished.
c.If the price of a product in a market decreases, then, other things equal, quantity demanded will increase.
d.A little bit of inflation is worse for society than a little bit of unemployment.
e.There is a tradeoff between inflation and unemployment in the short run.
f. If consumer income increases, then, other things equal, the demand for automobiles will increase.g. The U.S. income distribution is not fair.
h. U.S. workers deserve more liberal unemployment benefits.
i. If interest rates increase, then investment will decrease.j. If welfare benefits were reduced, then the country would be better off.

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Definitions:

Southern Evangelicals

A demographic group in the Southern United States characterized by their strong evangelical Christian faith and its influence on their social and political views.

Slavery

A system in which individuals are owned by others, deprived of personal freedom, and forced to perform labor without compensation.

Christianity

A monotheistic religion based on the life and teachings of Jesus Christ, with numerous denominations worldwide.

Black Slaves

Individuals of African descent who were forcibly transported to and enslaved in various parts of the world, particularly in the Americas, from the 16th to the 19th centuries.