Are the following statements positive or normative? (If a sentence has both positive and normative parts, break it into positive and normative statements.)
1. A minimum wage
causes some people to lose their jobs.
2. The minimum wage is
a good policy because it helps poor people.
3. The minimum wage
raises costs to firms and hence is bad.
Answers:
1. Positive.
2. Normative.
3. "The minimum wage
raises costs" is positive; "The minimum wage is bad" is
normative.
Source: Perloff,
Microeconomics, 5th edition, Pearson
so, can I conclude that whenever there is no benefit to minimize wages mean positive, while whenever there is agreement/benefit to minimize wages means normative?
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