Which of the Following Are Normative Statements

question 41

Short Answer

Which of the following are normative statements?
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 trade-off between inflation and unemployment in the short run.
f. If consumer income increases, then, other things equal, the demand for cars will increase.
g. The South African income distribution is not fair.
h. South African 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.