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.

---

Definitions:

Outer Space Treaty

An international agreement that forms the framework for national space law, prohibiting the placement of nuclear weapons in space and limiting the use of celestial bodies to peaceful purposes.

Principle of Comity

A doctrine in international law where countries mutually recognize and enforce each other's laws and judicial decisions out of respect, rather than obligation.

Act of State Doctrine

A principle in international law that allows a country to disregard foreign judgments that violate its own nation's sovereignty.

Space Resources

Natural materials found outside of Earth's atmosphere that can be extracted and utilized, such as water ice on the moon or minerals on asteroids.