Which of the Following Statements Are Positive, and Which Are

question 24

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 ought to be increased.
c. If there is a reduction in competition in a market, then other things being equal, prices will increase.
d. A little bit of unemployment is worse for society than a little bit of inflation.
e. There is a trade-off between inflation and unemployment in the short run.
f. Endangered species would be better off if the trade in wildlife was stopped.
g. If interest rates increase, forestry plantings will decrease.
h. If welfare benefits were reduced, the country would be better off.

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Definitions:

Grey Line

A phenomenon in radio communications where enhanced propagation conditions occur at dawn and dusk along the terminator line.

Linear Equations

Equations where the highest exponent of the variable(s) is one, resulting in a straight line when graphed.

Method Of Elimination

A technique for solving systems of equations by eliminating variables to solve for the others.

Fractions

Mathematical expressions representing the division of one integer by another, comprising a numerator and a denominator.