Which of the Following Is a Normative Economic Statement

question 63

Multiple Choice

Which of the following is a normative economic statement?

• A) Congress should increase the legal minimum wage.
• B) An increase in the legal minimum wage would cause unemployment to increase.
• C) An increase in the legal minimum wage would cause unemployment to decrease.
• D) An increase in the legal minimum wage would lead to more equality in the distribution of income.

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Definitions:

Jeffrey Arnett

A psychologist known for his work on emerging adulthood, a developmental phase between adolescence and full-fledged adulthood.

Transitional Period

A phase that marks the transition from one state or condition to another, often involves significant changes or adjustments.

Authoritative Style

A parenting style characterized by high demands and high responsiveness, encouraging autonomy while setting clear boundaries.

Parenting

The process of promoting and supporting the physical, emotional, social, and intellectual development of a child from infancy to adulthood.