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SOLVED:What is the difference between a positive and a normative statement?
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Which of the following statements is a positive statement? Which is a normative statement?X: The minimum wage should be high enough that families will not live in poverty.Y: The federal minimum wage is increasing to 8.50 an hour.OX is positive; Y is positiveOX is normative; Y is normativeOX is normative; Y is positiveOX is positive; Y is normativeSuppose that France and Germany both produce wine and schnitzel. The table below showscombinations of the goods that each country can produce in a day.
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