Normative Conclusions

question 27

Multiple Choice

Normative conclusions

• A)come from positive analysis alone.
• B)are based on ignorance of positive analysis.
• C)involve value judgments.
• D)reflect the economist's role as scientist.

---

Definitions:

High-wage Country

A country characterized by relatively high levels of wages for its workers compared to other nations.

Demand for Labor

The total amount of workers that employers want to hire at a given wage rate, in a given period.

Return on Capital

A measure of a company's profitability, calculated as the profit generated by its capital investment, often expressed as a percentage.

Immigration

Establishing permanent residence in a nation other than the one where you originally belong.