Economics 9708 · AS & A Level · Economic methodology

Economic methodology — practice question

Which statement is a normative one?

  • AA minimum wage is the correct government policy to increase the incomes of the lowest paid workers.
  • BA minimum wage is the lowest amount that employers can legally pay their workers.
  • CIn Pakistan, a minimum wage of 15 000 Pakistani Rupees per month was set on 1 June 2016.
  • DSetting the minimum wage rate above the equilibrium will result in an excess supply of workers.

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