Refer to Scenario 1

question 128

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 statement, "the minimum wage is harmful to teenagers and should be reduced or eliminated to increase employment among teenagers," is an example of

• A) marginal economics.
• B) normative economics.
• C) positive economics.
• D) Ockham's razor.

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Definitions:

Quadriceps Femoris

A large muscle on the anterior surface of the thigh that is composed of four separate muscles.

Tibialis Anterior

A muscle of the leg.

Vastus Lateralis

A muscle of the thigh that is part of the quadriceps, responsible for extending the leg at the knee.

Muscle Recruitment

The process of activating additional muscle fibers to increase the force of muscular contraction in response to demand.