Asked by GRETE ELISE WAGNER PAR on Jul 27, 2024
Verified
Is the following a positive or normative statement? The federal minimum wage is lower than many state minimum wages.
Normative Statement
Statements that express an opinion or a value judgment, often involving what ought to be rather than what is.
- Learn to distinguish between positive and normative statements within the realm of economics.
Verified Answer
KW
Learning Objectives
- Learn to distinguish between positive and normative statements within the realm of economics.
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