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Author Question: Which of the following is NOT normative economic statement? A) The minimum wage should be ... (Read 162 times)

xclash

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on: Jun 29, 2018
Which of the following is NOT normative economic statement?
 
  A) The minimum wage should be eliminated so unemployment can be reduced.
  B) Increases in the minimum wage cause increases in unemployment.
  C) The inflation rate should fall to increase individuals' well being.
  D) Taxes on cigarettes should be increased to reduce smoking.

Question 2

All of the following are forms of social regulation EXCEPT
 
  A) the Food and Drug Administration regulating the quality of drugs.
  B) the Public Utility Commission regulating the price of telephone service.
  C) the Environmental Protection Association regulating automobile emissions.
  D) the Occupational Safety and Health Administration regulating workplace safety.


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Anonymous

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


xclash

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Reply #2 on: Jun 29, 2018
Correct answers!


Anonymous

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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