Economists Disagree About Whether Increasing the Minimum Wage Is a Good

question 61

Multiple Choice

Economists disagree about whether increasing the minimum wage is a good idea,because they put different weight on the importance that the negative impacts have relative to the positive impacts.As such,the disagreements are usually over

• A) normative issues
• B) positive issues
• C) the mathematical calculations in an economic model
• D) whether microeconomics or macroeconomics is more important
• E) whether economic theory is useful in explaining the behavior of actors in the economy

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Definitions:

Federal Government

The national government of a federal state, which shares power with subnational entities such as states or provinces.

State Action

Activities or conduct carried out by government or governmental officials, particularly with respect to whether an action can be challenged as unconstitutional.

Public Function

An activity or service that is traditionally the responsibility of the government and is performed or carried out for the benefit of the public.

State Regulation

The oversight and control by a state government over certain activities, industries, or professions within its jurisdiction.