"An Increase in the Federal Minimum Wage Causes an Increase

question 60

Multiple Choice

"An increase in the federal minimum wage causes an increase in unemployment among teenagers" is a:

• A) statement of positive economics.
• B) statement of normative economics.
• C) testable value judgment.
• D) fallacy of composition.

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Definitions:

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The ability to inhibit the sensation of pain, often through psychological or physiological mechanisms.

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A chronic autoimmune disease affecting the central nervous system, leading to varying degrees of physical and cognitive disabilities.

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A fatty substance that surrounds and insulates the axons of some neurons, enhancing the speed at which electrical impulses are conducted.

Axon

A long, slender projection of a nerve cell, or neuron, that typically conducts electrical impulses away from the neuron's cell body.