Unemployment of 5% Is Too High

question 57

Essay

Unemployment of 5% is too high.This is an example of:
A.a normative statement.
B.a positive statement.
C.the circular-flow model.
C.comparative advantage.

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Definitions:

Global Trade Agreements

International treaties that govern the exchange of goods and services between countries, aiming to reduce trade barriers and promote global economic integration.

Labor Activists

Individuals who are actively involved in promoting workers' rights and interests, often through organizing, campaigning, or participating in labor movements.

Trade Barriers

Restrictions imposed by a government on international trade, which can include tariffs, quotas, and regulations, intended to protect domestic industries.

Environmental Activists

Individuals or groups who actively advocate for the protection of the environment and the mitigation of climate change through various forms of activism.