Refer to Scenario 1

question 157

Multiple Choice

Refer to Scenario 1.1 below to answer the question(s) that follow.
SCENARIO 1.1: An economist wants to understand the relationship between minimum wages and the level of teenage unemployment. The economist collects data on the values of the minimum wage and the levels of teenage unemployment over time. The economist concludes that a 1% increase in minimum wage causes a 0.2% increase in teenage unemployment. From this information he concludes that the minimum wage is harmful to teenagers and should be reduced or eliminated to increase employment among teenagers.
-Refer to Scenario 1.1. The collection and use of the data on minimum wage and teenage unemployment over time is an example of

• A) law and economics.
• B) economic history.
• C) econometrics.
• D) empirical economics.

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Definitions:

Autism Spectrum Disorder

A developmental disorder characterized by difficulties in social interaction and communication, along with restricted and repetitive patterns of behavior or interests.

Simon Baron-Cohen

A British clinical psychologist and professor known for his work on autism spectrum conditions, including the development of the theory that autism involves degrees of "mindblindness" or delays in the development of theory of mind and empathy.

Systemizing

The drive to analyze or construct systems to understand and predict the behavior of the system.

Insecure Attachment

Insecure attachment is a type of emotional bond that forms in childhood, characterized by anxiety and uncertainty in relationships due to inconsistent or unresponsive caregiving.