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Which of the following statements are positive and which arenormative?
a) A cut in wages will reduce the number of people willing towork.
b) High interest rates prohibit many young people from buying theirfirst home.
c) No family ought to pay more that 25 percent of its income intaxes.
d) The government…
a) A cut in wages will reduce the number of people willing towork.
b) High interest rates prohibit many young people from buying theirfirst home.
c) No family ought to pay more that 25 percent of its income intaxes.
d) The government…
