Is the Following a Positive or Normative Statement? the Federal

question 166

Short Answer

Is the following a positive or normative statement? The federal minimum wage is lower than many state minimum wages.

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Definitions:

Smoot-Hawley Tariff

1930 act that raised tariffs to an unprecedented level and worsened the Great Depression by raising prices and discouraging foreign trade.

Economic Crisis

A period characterized by widespread financial instability, which may lead to a recession and significantly impact employment and wealth.

American Individualism

A cultural value that emphasizes the importance of individual freedom, self-reliance, and independence, traditionally considered a hallmark of American society.

Herbert Hoover

The 31st President of the United States (1929-1933), whose term was marked by the onset of the Great Depression.