This topic contains a solution. Click here to go to the answer

Author Question: Refer to Figure 3-4. If the price is 20 A) there is a surplus of 600 units. B) the market is in ... (Read 39 times)

karen

  • Hero Member
  • *****
  • Posts: 537
Refer to Figure 3-4. If the price is 20
 
  A) there is a surplus of 600 units. B) the market is in equilibrium.
  C) there is a shortage of 600 units. D) quantity demanded is zero.

Question 2

The economic analysis of minimum wage involves both normative and positive analysis. Consider the following consequences of a minimum wage:
 
  a. The minimum wage law causes unemployment.
  b. Unemployment would be lower without a minimum wage law.
  c. Minimum wage laws benefit some workers and harm others.
  d. The minimum wage should be more than 7.25 per hour.
 
  Which of the consequences above are positive statements and which are normative statements?
  A) a and b are positive statements, c and d are normative statement.
  B) Only a is a positive statement, b, c, and d are normative statements.
  C) a and c are positive statements, b and d are normative statements.
  D) a, b, and c are positive statements and d is a normative statement.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Smiles0805

  • Sr. Member
  • ****
  • Posts: 305
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 49% of students answer this correctly





 

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

For a complete list of videos, visit our video library