Economics For Today
Economics For Today
10th Edition
ISBN: 9781337613040
Author: Tucker
Publisher: Cengage Learning
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Chapter 1.6, Problem 2.2YTE
To determine

Positive and normative arguments of business leaders about oppose and favor to raise the minimum wage.

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Explain the difference between positive and normative economics Consider the following two statements. In each case, explain briefly your answer: a.   A 5 percent fall in the unemployment rate will lead to a 2 percent increase in the inflation rate" b.   "Pollution in developing countries is one of the biggest global environmental problems" Which of the these  statements is an example of "positive" economics Which of these statements in an example of :normative "economics
In economics, the difference between normative and positive is that:
Explain the difference between positive and normative analysis. Provide an example of a normative statement or an example of a positive statement from a recent news story.
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