The Economic Analysis of Minimum Wage Involves Both Normative and Positive

question 134

Multiple Choice

The economic analysis of minimum wage involves both normative and positive analysis.Consider the following consequences of a minimum wage:
A.The minimum wage law causes unemployment.
B.Unemployment would be lower without a minimum wage law.
C.Minimum wage laws benefit some workers and harm others.
D.The minimum wage should be more than $7.25 per hour.
Which of the consequences above are positive statements and which are normative statements?

• A) a, b, and c are positive statements and d is a normative statement.
• B) a and b are positive statements, c and d are normative statement.
• C) Only a is a positive statement, b, c, and d are normative statements.
• D) a and c are positive statements, b and d are normative statements.

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Definitions:

Mini Nutritional Assessment

A screening tool used to identify nutritional problems and undernutrition in older adults.

Nutritional Status

The condition of the body in terms of the intake, absorption, and utilization of nutrients, influencing overall health and well-being.

Objective Tool

Refers to instruments or methods used to gather or measure data that are not influenced by personal feelings or opinions.

Body Mass Index (BMI)

A numerical calculation using height and weight to estimate body fat and determine weight categories that may lead to health problems.