The following table contains statements that provide some analysis of policies that address the minimum wage. Categorize each of these statements as either positive or normative. Statement Positive Normative
All Americans should earn more than $25,000 per year.
Raising the minimum wage increases the rate of unemployment.
The minimum wage should be raised to $15 per hour.
Raising the minimum wage reduces the number of employment
opportunities for low skilled workers.

Answer and Explanation:

The classification is as follows:

a. It is a normative statement as it discussed that there is an efficient wages for all types of workers for earnings

b. It is a positive statement that depend upon the facts and proofs as the leisure for workers would create more unemployment as compared to before

c. It is a normative statement

d. It is a positive statement as the workers who are less skilled they can be settled for the minimum wages as they dont get the highest paying jobs because these jobs would be belong to those workers who are highly skilled

answer; whoever is willing and able to pay the price;