Which Statement Is Positive? Which Statement Is Normative

question 215

Multiple Choice

Which statement is positive? Which statement is normative?
I.The provincial minimum wage in 2016 was $10.25 an hour.
II.The minimum wage should be high enough that families will not live in poverty.

• A) I is positive;II is normative.
• B) I is positive;II is positive.
• C) I is normative;II is positive.
• D) I is normative;II is normative.

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Definitions:

Economic Conditions

The current state of the economy, including factors such as inflation, unemployment, and economic growth.

Incremental Change

A gradual, step-by-step modification in processes, technologies, or policies intended to improve operations or outcomes without a fundamental transformation.

Strategic Proactivity

The approach of anticipating market trends, challenges, and opportunities, leading to proactive decision-making and strategic planning.

Industrial Ecosystems

Networks of businesses and organizations that work together, sharing resources and capabilities to enhance environmental and economic outcomes.