A Normative Economic Statement Such as "The Minimum Wage Should

question 34

Multiple Choice

A normative economic statement such as "The minimum wage should be abolished"

• A)would likely be made by an economist acting as a scientist.
• B)would require values and data to be evaluated.
• C)would require data but not values to be evaluated.
• D)could not be evaluated by economists acting as policy advisers.

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Definitions:

Diagnosis-Related Group (DRG)

A system that classifies hospital cases into groups to facilitate payment planning and analysis based on diagnosis, treatment, and length of stay.

Orthopedic Surgery

Surgical procedures performed to address issues related to the musculoskeletal system, including bones, joints, and ligaments.

Uncomplicated Pneumonia

A type of pneumonia that is typically mild and responds well to treatment, without causing severe complications.

Patient Satisfaction

A measure of the extent to which a patient is content with the healthcare they received, based on various factors including treatment efficacy and communication.