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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 111 times)

karen

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on: Jun 29, 2018
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.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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Smiles0805

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Reply #1 on: Jun 29, 2018
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.
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karen

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Reply #2 on: Jun 29, 2018
Thank you


Smiles0805

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Reply #3 on: Jun 29, 2018
No problemo


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