Which of the following statements are positive, and which are
normative? Write positive or normative in each blank.
a. The minimum wage creates unemployment among young
and unskilled workers. ?
b. The minimum wage ought to be abolished?
c. If the price of a product in a market decreases, other things equal, quantity demanded will increase.?
d. A little bit of inflation is worse for society than a little bit of unemployment. ?
e. There is a tradeoff between inflation and unemployment in the short run. ?
f. If consumer income increases, other things equal, the demand for automobiles will increase. ?
g. The U.S. income distribution is not equitable. ?
h. U.S. workers deserve more liberal unemployment benefits. ?
i. If interest rates increase, investment will decrease. ?
j. If welfare benefits were reduced, the country would be better off.?
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