« previous next »

Author Question: Which of the following is a normative economics statement? a. An increase in the minimum wage ... (Read 118 times)

Hungry!

  • Hero Member
  • *****
  • Posts: 1,071
on: Jul 1, 2018
Which of the following is a normative economics statement?
 
  a. An increase in the minimum wage will reduce teenage employment.
  b. Increasing the minimum wage will result in more votes for progressive candidates.
  c. Raising the minimum wage would greatly increase labor costs in certain industries.
   d. Raising the minimum wage is a poor idea because living wage laws are better.

Question 2

If regulations create barriers to entry in an industry, the result can be _____.
 
  a. efficiency
  b. monopoly
  c. monopsony
   d. higher output


Animal_Goddess

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes
A high-performance aftermarket air filter often can increase airflow into the engine for more ... A high-performance aftermarket air filter often can increase airflow into the engine for more ...
Compression used to increase circulation when the athlete is clothed. Compression used to increase circulation when the athlete is clothed.
Increase in Obesity among U.S. Children and Adolescents Increase in Obesity among U.S. Children and Adolescents
Economics question Economics question
Increase in total spending in presidential campaigns, 1976-2020 Increase in total spending in presidential campaigns, 1976-2020
Video: Interview with Person who has Panic Attacks

For a complete list of videos, visit our video library