Below Are Six Statements

question 14

Essay

Below are six statements.Identify whether each is a positive or normative statement.(a) The minimum wage should be increased so low-income workers can earn a living wage.(b) The unemployment rate is too high and should be reduced through government actions.(c) The rate of inflation was about 2 percent last year, an all time low for the past decade.(d) The government should take action to break up the monopoly power of Air Canada.(e) Interest rates should be lower in Canada so that people can afford to build a home.(f) The Federal government achieved a budget surplus for the first time in thirty years.

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Definitions:

Vision

A foresight or strategic plan that outlines the goals and direction of a business or individual.

Strategy

The business will achieve its goals.

Financial Means

Refers to the monetary resources available to an individual or organization for spending, investing, or saving.

Pen-based Computers

Computing devices primarily operated with a stylus or digital pen rather than a traditional keyboard or mouse.