"An Increase in the Federal Minimum Wage Will Provide a Living

question 220

Multiple Choice

"An increase in the federal minimum wage will provide a living wage for the working poor" is:

• A) a statement of positive economics.
• B) a fallacy of composition.
• C) a tautology.
• D) a statement of normative economics.

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Definitions:

Transformational Leaders

Individuals who inspire and motivate followers to achieve extraordinary outcomes by transforming their beliefs and values.

Transactional Leaders

Leaders who focus on the exchanges between themselves and their followers, using rewards and punishments to achieve organizational goals.

Exchanges

Transactions or communications between individuals or entities.

Managerial Grid

Identifies five leadership styles: 1,1 impoverished; 9,1 sweatshop; 1,9 country club; 5,5 status quo; and 9,9 fully functioning.