Which of the following is a normative statement? * O The unemployment rate is expected to rise. O Individuals purchase more of a good when the price rises. O The government should increase the minimum wage. O An increase in the tax rate on wage earnings reduces the incentive to work. O Public education generates greater benefits than costs.

Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter1: The Economic Approach
Section: Chapter Questions
Problem 11CQ
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Which of the following is a normative statement?
The unemployment rate is expected to rise.
Individuals purchase more of a good when the price rises.
The government should increase the minimum wage.
An increase in the tax rate on wage earnings reduces the incentive to work.
O Public education generates greater benefits than costs.
Transcribed Image Text:Which of the following is a normative statement? The unemployment rate is expected to rise. Individuals purchase more of a good when the price rises. The government should increase the minimum wage. An increase in the tax rate on wage earnings reduces the incentive to work. O Public education generates greater benefits than costs.
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