Whether the following conclusion result from positive analysis or normative analysis. A higher minimum wage will reduce employment opportunities for minimum wage workers. Increasing the earnings of minimum wage employees is desirable, and raising the minimum wage is the best way to accomplish this. Everyone should enjoy open access to health care at no explicit charge. Health-care subsidies will increase the consumption of health care. Concept Introduction: Positive analysis: The positive economics is a statement of fact and it does not contain value judgments. The positive economics is based on the objective analysis. It deals with the question of what is. The positive statement can be tested and proven. Normative economics: Normative is contains value judgments and it is subjective. The normative economics deals with the question of what ought to be. The normative economics cannot be tested and proven.

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Answer 1

Question

Chapter 1, Problem 15P

To determine

To explain:

Whether the following conclusion result from positive analysis or normative analysis.

A higher minimum wage will reduce employment opportunities for minimum wage workers.

Increasing the earnings of minimum wage employees is desirable, and raising the minimum wage is the best way to accomplish this.

Everyone should enjoy open access to health care at no explicit charge.

Health-care subsidies will increase the consumption of health care.

Concept Introduction:

Positive analysis: The positive economics is a statement of fact and it does not contain value judgments. The positive economics is based on the objective analysis. It deals with the question of what is. The positive statement can be tested and proven.

Normative economics: Normative is contains value judgments and it is subjective. The normative economics deals with the question of what ought to be. The normative economics cannot be tested and proven.

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Answer 2

Question

Chapter 1, Problem 15P

To determine

To explain:

Whether the following conclusion result from positive analysis or normative analysis.

A higher minimum wage will reduce employment opportunities for minimum wage workers.

Increasing the earnings of minimum wage employees is desirable, and raising the minimum wage is the best way to accomplish this.

Everyone should enjoy open access to health care at no explicit charge.

Health-care subsidies will increase the consumption of health care.

Concept Introduction:

Positive analysis: The positive economics is a statement of fact and it does not contain value judgments. The positive economics is based on the objective analysis. It deals with the question of what is. The positive statement can be tested and proven.

Normative economics: Normative is contains value judgments and it is subjective. The normative economics deals with the question of what ought to be. The normative economics cannot be tested and proven.

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Answer 3

Question

Chapter 1, Problem 15P

To determine

To explain:

Whether the following conclusion result from positive analysis or normative analysis.

A higher minimum wage will reduce employment opportunities for minimum wage workers.

Increasing the earnings of minimum wage employees is desirable, and raising the minimum wage is the best way to accomplish this.

Everyone should enjoy open access to health care at no explicit charge.

Health-care subsidies will increase the consumption of health care.

Concept Introduction:

Positive analysis: The positive economics is a statement of fact and it does not contain value judgments. The positive economics is based on the objective analysis. It deals with the question of what is. The positive statement can be tested and proven.

Normative economics: Normative is contains value judgments and it is subjective. The normative economics deals with the question of what ought to be. The normative economics cannot be tested and proven.

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Answer 4

Question

Chapter 1, Problem 15P

To determine

To explain:

Whether the following conclusion result from positive analysis or normative analysis.

A higher minimum wage will reduce employment opportunities for minimum wage workers.

Increasing the earnings of minimum wage employees is desirable, and raising the minimum wage is the best way to accomplish this.

Everyone should enjoy open access to health care at no explicit charge.

Health-care subsidies will increase the consumption of health care.

Concept Introduction:

Positive analysis: The positive economics is a statement of fact and it does not contain value judgments. The positive economics is based on the objective analysis. It deals with the question of what is. The positive statement can be tested and proven.

Normative economics: Normative is contains value judgments and it is subjective. The normative economics deals with the question of what ought to be. The normative economics cannot be tested and proven.

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Answer 5

Chapter 1, Problem 15P

To determine

To explain:

Whether the following conclusion result from positive analysis or normative analysis.

A higher minimum wage will reduce employment opportunities for minimum wage workers.

Increasing the earnings of minimum wage employees is desirable, and raising the minimum wage is the best way to accomplish this.

Everyone should enjoy open access to health care at no explicit charge.

Health-care subsidies will increase the consumption of health care.

Concept Introduction:

Positive analysis: The positive economics is a statement of fact and it does not contain value judgments. The positive economics is based on the objective analysis. It deals with the question of what is. The positive statement can be tested and proven.

Normative economics: Normative is contains value judgments and it is subjective. The normative economics deals with the question of what ought to be. The normative economics cannot be tested and proven.

Answer 6

Chapter 1, Problem 15P

To determine

To explain:

Whether the following conclusion result from positive analysis or normative analysis.

A higher minimum wage will reduce employment opportunities for minimum wage workers.

Increasing the earnings of minimum wage employees is desirable, and raising the minimum wage is the best way to accomplish this.

Everyone should enjoy open access to health care at no explicit charge.

Health-care subsidies will increase the consumption of health care.

Concept Introduction:

Positive analysis: The positive economics is a statement of fact and it does not contain value judgments. The positive economics is based on the objective analysis. It deals with the question of what is. The positive statement can be tested and proven.

Normative economics: Normative is contains value judgments and it is subjective. The normative economics deals with the question of what ought to be. The normative economics cannot be tested and proven.

Answer 7

Chapter 1, Problem 15P

To determine

To explain:

Whether the following conclusion result from positive analysis or normative analysis.

A higher minimum wage will reduce employment opportunities for minimum wage workers.

Increasing the earnings of minimum wage employees is desirable, and raising the minimum wage is the best way to accomplish this.

Everyone should enjoy open access to health care at no explicit charge.

Health-care subsidies will increase the consumption of health care.

Concept Introduction:

Positive analysis: The positive economics is a statement of fact and it does not contain value judgments. The positive economics is based on the objective analysis. It deals with the question of what is. The positive statement can be tested and proven.

Normative economics: Normative is contains value judgments and it is subjective. The normative economics deals with the question of what ought to be. The normative economics cannot be tested and proven.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 1.A - Prob. 1P Ch. 1.A - Prob. 2P Ch. 1.A - Prob. 3P Ch. 1.A - Prob. 4P Ch. 1.A - Prob. 5P Ch. 1.A - Prob. 6P Ch. 1.A - Prob. 7P Ch. 1.A - Prob. 8P Ch. 1 - Prob. 1.1LO Ch. 1 - Prob. 1.2LO

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Chapter 1 Solutions