« previous next »

Author Question: Which of the following is a normative economics statement? a. An increase in the minimum wage ... (Read 111 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 most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

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?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Example of Reconciling a Bank Statement Cont. Example of Reconciling a Bank Statement Cont.
Effect of an Increase in Technological Progress Effect of an Increase in Technological Progress
Economics Today: The Micro View, 19th Edition Economics Today: The Micro View, 19th Edition
Comparison of Alpha Modified Eagle’s Minimum Essential Medium with Dulbecco’s Modified Eagle’s ... Comparison of Alpha Modified Eagle’s Minimum Essential Medium with Dulbecco’s Modified Eagle’s ...
Economics question Economics question
Economics question Economics question
Video: Eczema

For a complete list of videos, visit our video library