Which One of the Following Is a Positive Economic Statement

question 53

Multiple Choice

Which one of the following is a positive economic statement?

• A) An increase in the minimum wage will reduce employment.
• B) The minimum wage should be increased.
• C) Social justice will be served by increasing the minimum wage.
• D) Thoughtful people oppose an increase in the minimum wage.

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Definitions:

Derivatives Exchanges

Specialized marketplaces where derivatives securities, such as futures and options, are traded.

Electronic Trading

The use of computer systems, often connected to the internet, to execute buy and sell orders in financial markets without the need for a physical trading floor.

Clearing Platform

Infrastructure provided by a clearing house that facilitates the settlement of trades by acting as an intermediary between buyers and sellers.

CME

Stands for Chicago Mercantile Exchange, a major global financial derivatives exchange where various commodities, financial products, and currencies are traded.