Which of the Following Statements Are Positive,and Which Are Normative

question 121

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, 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, other things equal, the demand for automobiles will increase.
g.The U.S.income distribution is not equitable.
h.U.S.workers deserve more liberal unemployment benefits.
i.If interest rates increase, investment will decrease.
j.If welfare benefits were reduced, the country would be better off.

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Definitions:

Marriage

A legally and socially sanctioned union between individuals that establishes rights and obligations between them and their children, and in-laws.

Fatherhood

The state or responsibility of being a father, including the duties, challenges, and emotional aspects of raising and caring for children.

Homeownership

The state or condition of owning a house or residence.

Employment

The state of having a paid job or occupation, including full-time, part-time, and freelance positions.