the economic analysis of minimum wage involves both normative and positive analysis. consider the following…

the economic analysis of minimum wage involves both normative and positive analysis. consider the following consequences of a minimum wage:\na. the minimum wage law causes unemployment.\nb. a minimum wage law benefits some groups and hurts others.\nc. in some cities such as san francisco and new york, it would be impossible for low - skilled workers to live comfortably in the city without minimum wage laws.\nd. the gains to winners of a minimum wage law should be valued more highly than the losses to losers because the latter primarily comprises businesses.\nwhich of the consequences above are positive statements and which are normative statements?\na. a and c are positive statements, b and d are normative statements.\nb. a and b are positive statements, c and d are normative statement.\nc. only a is a positive statement, b, c and d are normative statements.\nd. a, b, and c are positive statements and d is a normative statement.

the economic analysis of minimum wage involves both normative and positive analysis. consider the following consequences of a minimum wage:\na. the minimum wage law causes unemployment.\nb. a minimum wage law benefits some groups and hurts others.\nc. in some cities such as san francisco and new york, it would be impossible for low - skilled workers to live comfortably in the city without minimum wage laws.\nd. the gains to winners of a minimum wage law should be valued more highly than the losses to losers because the latter primarily comprises businesses.\nwhich of the consequences above are positive statements and which are normative statements?\na. a and c are positive statements, b and d are normative statements.\nb. a and b are positive statements, c and d are normative statement.\nc. only a is a positive statement, b, c and d are normative statements.\nd. a, b, and c are positive statements and d is a normative statement.

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Brief Explanations:

Positive statements are objective and can be tested or proven, like "The minimum - wage law causes unemployment" and "A minimum - wage law benefits some groups and hurts others". Normative statements involve value judgments, such as "In some cities such as San Francisco and New York, it would be impossible for low - skilled workers to live comfortably in the city without minimum - wage laws" (a value judgment about what is 'impossible' and 'comfortable') and "The gains to winners of a minimum - wage law should be valued more highly than the losses to losers because the latter primarily comprises businesses" (a value judgment about what should be valued more).

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B. A and b are positive statements, c and d are normative statements.