The following table contains statements that provide some analysis of policies that address the minimum wage. Categorize each of these statements as either positive or normative. Statement Positive Normative All Americans should earn more than $25,000 per year. Raising the minimum wage increases the rate of unemployment. The minimum wage should be raised to $15 per hour. Raising the minimum wage reduces the number of employment opportunities for low skilled workers.

The following table contains statements that provide some analysis of policies that address the minimum wage. Categorize each of these statements as either positive or normative. Statement Positive Normative All Americans should earn more than $25,000 per year. Raising the minimum wage increases the rate of unemployment. The minimum wage should be raised to $15 per hour. Raising the minimum wage reduces the number of employment opportunities for low skilled workers.

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter1: Introducing The Economic Way Of Thinking

Section1.6: Why Do Economists Disagree?

Problem 2.1YTE

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