« previous next »

Author Question: Which of the following is a normative economics statement? a. An increase in the minimum wage ... (Read 62 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?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Results from sequential study of two cohorts tested at three ages and at three different points in t Results from sequential study of two cohorts tested at three ages and at three different points in t
The Head Start program was designed to increase the school readiness of low-income children. The Head Start program was designed to increase the school readiness of low-income children.
Example of Reconciling a Bank Statement Cont. Example of Reconciling a Bank Statement Cont.
How to use the closed interval method to find absolute maximum and minimum values How to use the closed interval method to find absolute maximum and minimum values
Economics question Economics question
A melting profile shows the increase in UV absorption versus temperature A melting profile shows the increase in UV absorption versus temperature
Video: Structure of a Ribosome

For a complete list of videos, visit our video library