Application Exercise 1c
Economic statement | Positive | Normative |
1. Company tax cuts should increase economic activity |
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2. The Australian government is spending an insufficient amount on education |
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3. Australia is one of the wealthiest countries in the world |
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4. Australia’s minimum wages are too low |
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5. Legalising marijuana for medical purposes will increase the rate of illegal drug use |
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6. An oversupply of crude oil contributed to lower crude oil prices over 2015-16 |
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7. Carbon emissions are contributing to global warming and climate change |
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8. The best way to address climate change is to prohibit the production of coal fired electricity |
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9. Spending on smart phones creates employment and generates income |
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10.The increased use of social media by children is harmful to their long term well-being |
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