Which of the following is a normative statement? A) Minimum wage laws cause teenage unemployment. B)...
Which of the following is a normative statement?
A) Minimum wage laws cause teenage unemployment.
B) Minimum wage laws reduce the sum of consumer and producer surpluses and are therefore economically inefficient.
C) All economically inefficient laws are undesirable.
D) All of the above
Homework Answers
A normative statement has the following property-
It is a judgment based statement
It tells what 'ought' to be done
It is based on opinion with no facts.
So in the given options, only option C talks as an opinion because here it is said that all economically inefficient laws are undesirable .so a judgment is given without any facts.
In options, A and B facts are given with reason
So the answer is an option C
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