4Economic Models Assumptions MethodologyMedium1 markWhich statement is normative?AA minimum wage is the correct government policy to increase the incomes of the lowest paid workers.BA minimum wage is the lowest amount that employers can legally pay their workers.CIn Pakistan, a minimum wage of 15 000 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.Grade answerSolutionGrading criteria