Select the Normative Statement That Completes the Following Sentence: If

question 29

Multiple Choice

Select the normative statement that completes the following sentence: If the minimum wage is raised:

• A) cost per unit of output will rise.
• B) workers will gain their rightful share of total income.
• C) the rate of inflation will increase.
• D) profits will fall.

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Definitions:

Collectivist Societies

Societies that prioritize the group over the individual, emphasizing interdependence, cooperation, and the welfare of the group as a whole.

Collectivist Societies

Societies or cultures that prioritize the needs and goals of the group over the desires or demands of the individual.

Social Needs

Refers to the essential human requirements for belonging, love, and interaction with others.

Persistence

The quality of continuing steadfastly despite challenges or obstacles.