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:

Negative Pressure

A condition in which the pressure in a given environment is lower than the atmospheric pressure, typically used in medical settings to contain airborne contaminants.

Tracheostomy Care

The routine maintenance and care of a tracheostomy site, including cleaning and changing the tube, to ensure the patient's airway remains clear and to prevent infection.

IntraTracheal Secretions

Mucus or other bodily fluids found within the trachea, often removed through suctioning to maintain an open airway and prevent infection.

Semi-Fowler's Position

A medical position where the patient is partially seated, with the head of the bed raised to an angle between 15 and 45 degrees, often used to promote lung expansion.