the following positive statements or normative statements? I. "Earnings increase with education because education raises a worker's productivity." II. The taxes imposed on gasoline in Barbados is excessive and inequitable to motorists. III. A decrease in income will result in a fall in the demand for motorcycles.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter1: The Role And Method Of Economics
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Is the following positive statements or normative statements?

I. "Earnings increase with education because education raises a worker's productivity."

II. The taxes imposed on gasoline in Barbados is excessive and inequitable to motorists.

III. A decrease in income will result in a fall in the demand for motorcycles.

IV. Rising flour prices will increase the price of bread. V. The government is more concerned with inflation than unemployment.

VI. People are worried about the effects of joining the OAS

 

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Is the following positive statements or normative statements?

i. Rising flour prices will increase the price of bread.

ii. The government is more concerned with inflation than unemployment.

iii. People are worried about the effects of joining the OAS.

 

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