A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · May/June 2020 · Q41 Mark
Which statement is normative?
Aminimum wage is the correct government policy to increase the incomes of the lowest paid workers.
Bminimum wage is the lowest amount that employers can legally pay their workers.
CIn Pakistan, a minimum wage of 15000 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.
✓ Correct answer
A: minimum wage is the correct government policy to increase the incomes of the lowest paid workers.
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