« previous next »

Author Question: Which of the following is a normative economics statement? a. An increase in the minimum wage ... (Read 119 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?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Cellular mechanisms that increase protein diversity Cellular mechanisms that increase protein diversity
Changes in Synaptic Density From Birth to Age 2 Synaptic connections increase throughout the first Changes in Synaptic Density From Birth to Age 2 Synaptic connections increase throughout the first
Regular staff meetings increase the efficiency of the medical office staff. Regular staff meetings increase the efficiency of the medical office staff.
Essential Foundations of Economics Plus Essential Foundations of Economics Plus
The Economics of Money, Banking and Financial Markets, Business School Edition The Economics of Money, Banking and Financial Markets, Business School Edition
Economics question Economics question
Video: Inflammation and Fever

For a complete list of videos, visit our video library