Of the Following Statements, Which Reflect(s) a Normative View

question 84

Essay

Of the following statements, which reflect(s) a normative view?
I.The United States should increase the minimum wage to $10 per hour.II.There is a federal minimum wage in the United States.III.The federal minimum wage in the United States is less than $10 per hour.
A.All are normative.
B.None are normative
C.Statements I and II reflect a normative view.
D.Statement I reflects a normative view.

Identify how changes in price affect total revenue depending on the elasticity

Understand the short-run and long-run adjustments in the market and their effects on elasticity

Describe the effects of taxes on market outcomes, including tax incidence and government revenue

Explain the role of advertising in influencing demand elasticity

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Definitions:

Behavior Modification

A therapeutic approach that seeks to change potentially self-destructive or undesirable behaviors through conditioning techniques.

Antecedents

Factors or events that precede and are considered to cause or influence an outcome or behavior.

Servant-leadership

A leadership philosophy in which the main goal of the leader is to serve. This is different from traditional leadership where the leader's main focus is the thriving of their company or organizations.

Greenleaf

A reference likely to Robert K. Greenleaf, who promoted the concept of servant leadership.