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"Minimum Wage Laws Result in Unemployment" Is a Normative Statement

question 60

True/False

"Minimum wage laws result in unemployment" is a normative statement, while "the minimum wage should be higher" is a positive statement.


Definitions:

Air Transportation

The movement of people and goods by aircraft, an essential component of global logistics and travel.

Damages

Compensation sought by or awarded to a party in a legal case due to loss, injury, or harm caused by another party's actions or negligence.

Supply Chain Management

The oversight and control of the movement of goods and services from supplier to customer, optimizing efficiency and cost-effectiveness.

Disintermediation

The removal or reduction of intermediaries in a supply chain, often enabled through direct sales or digital platforms.

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