Which of the Following Statements Are Positive and Which Are

question 56

Short Answer

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 rates should be increased.
c.If the price of a product in a market decreases,other things equal,quantity supplied will increase.
d.A little bit of inflation is worse for society than a little bit of unemployment.
e.The price of bonds is inversely related to the interest rate.
f.If consumer income increases,other things equal,the demand for automobiles will increase.
g.The Canadian income distribution is not equitable.
h.Canadian workers deserve more liberal unemployment benefits.
i.If the money supply increases,interest rates will fall.
j.Students who study more are better students.

---

Definitions:

Book Value

The net value of a company's assets minus its liabilities, as recorded on the balance sheet.

Factored Receivables

Accounts receivable that have been sold to a third party (the factor) for immediate cash, minus a fee.

Cash Collections

The process of gathering all cash payments received from customers for goods or services provided.

Off-Balance Sheet

An accounting practice where a company does not include certain assets or liabilities on its balance sheet, often to keep the item from affecting its financial ratios.