This preview shows page 1. Sign up to view the full content.
Unformatted text preview: government raise the minimum wage? 3. The distinction between positive and normative analysis is important because it is one things to say something should be done and quite another to say how it should be done. 4. Differences in values or policy beliefs result in conflict, so it is normal. Ex: a policy might increase efficiency at the cost of fairness or equity, or it might help a current generation at the expense of a future generation. 5. The statement UFOs land in my yard at least twice a week is a positive statement. It need not be true it just needs to be testable....
View Full Document
This note was uploaded on 03/03/2008 for the course ECON 2010 taught by Professor Mertens,wi during the Fall '07 term at Colorado.
- Fall '07