A higher minimum wage will cause low skilled individuals to lose their jobs. The government should raise taxes rather than increase borrowing, because the latter will increase interest rates and thus reduce productive investment. Most students and faculty at MU would prefer an arrangement in which the fall semester began later and ended earlier.
All statements are normative.
The value of what someone must sacrifice or give up to get something else is called a. market cost. In contrast to a positive statement, a normative statement is one in which a. honest differences in opinion can exist. All of the above describe how a normative statement differs from a positive statement. None of the above describes how a normative statement differs from a positive statement. The federal government should cut welfare payments so that some welfare recipients will get jobs.