Which of the following is an example of a positive, as opposed to normative, statement? a. when the minimum wage is increased, unemployment is a predictable consequence. b. the income tax rate should be increased to offset the budget deficit. c. increasing government spending is the best way to the economy move out of a recession. d. more than one of the above are positive statements.

Suppose you are a freshmen in college and you have not declared a major. one reason you enrolled at your respective college was the school's vibrant social life. at the same time, you want to balance your academic life because you know that your grades will matter for graduate school or job applications.you decide to forgo partying for two hours to study for an upcoming economics exam. in your first semester's principles of economics class, you learn that the enjoyment you would have received from partying is an example of a(n)