Which of the Following Is a Normative Economic Statement

question 63

Multiple Choice

Which of the following is a normative economic statement?

• A) Congress should increase the legal minimum wage.
• B) An increase in the legal minimum wage would cause unemployment to increase.
• C) An increase in the legal minimum wage would cause unemployment to decrease.
• D) An increase in the legal minimum wage would lead to more equality in the distribution of income.

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Definitions:

Unemployed

The state of not having a job despite being willing and able to work.

Grieving

The emotional process of coping with a significant loss, often involving a range of feelings from sadness to anger.

Worden's Tasks

A series of tasks designed by J. William Worden to help individuals mourn and adjust to loss, outlining steps in the grieving process.

Mourning

The process of expressing grief and sorrow after the loss of a loved one.