« previous next »

Author Question: The Secretary of Labor states that wage rates in the country have risen by 2 percent this past year. ... (Read 62 times)

geoffrey

  • Hero Member
  • *****
  • Posts: 880
on: Jun 30, 2018
The Secretary of Labor states that wage rates in the country have risen by 2 percent this past year. The head of a local labor union states that wage gains have not kept pace with the 3 percent rate of inflation. The Secretary's statement is a (n) ____ economic statement, and the labor head's statement is a (n) ____ economic statement.
 a. normative; normative
  b. normative; positive
  c. positive; normative
  d. positive; positive
  e. proper; improper

Question 2

Which of the following is the best example of a normative economic statement?
 a. A rise in gasoline prices will cause gasoline purchases to fall.
  b. The federal government should spend more on health care.
  c. Raising the minimum wage will result in greater unemployment.
  d. If more money is printed, then the economy's price level will rise.


makaylafy

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 30, 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?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Independent assortment produces 50 percent recombinants Independent assortment produces 50 percent recombinants
U.S. Cancer Death Rates U.S. Cancer Death Rates
Cancer Survival Rates According to Psychological Response to Diagnosis Cancer Survival Rates According to Psychological Response to Diagnosis
During my research in India, I interviewed this 8-year-old girl. Mahashury is a bonded laborer who ... During my research in India, I interviewed this 8-year-old girl. Mahashury is a bonded laborer who ...
Continental United States Hurricane Strikes from 1950-2011 Continental United States Hurricane Strikes from 1950-2011
Income Inequality in the United States: 1947–2009 Income Inequality in the United States: 1947–2009
Video: Hyperglycemia Animation

For a complete list of videos, visit our video library