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Is this statement positive or normative?
"Increasing the minimum wage would benefit higher-wage workers and would probably be supported by organized labor."
3 Answers
- Anonymous1 decade agoFavorite Answer
In response to gwiz, there is no economic theory that does not incorporate subjectivity, so your claim is wrong.
Although I would say that the statement is more normative than positive.
- Anonymous1 decade ago
positive in the sense that it describes an economic effect,
normative in the sense that it seems to suggest that minimum wages are a good thing. e.g. it omits negative effects on employers, and unemployment.
- 1 decade ago
The other answer is wrong. trust me. it is only normative, because ANY perspective on economics that incorporates subjectivity within its analysis is normative economics.
Source(s): 5 on the ap econ test