Which of the Following Issues Is Most Unlikely to Be

question 50

Multiple Choice

Which of the following issues is most unlikely to be addressed by an economist practicing positive economics?

• A) the relationship between the minimum wage and the number of unemployed unskilled workers
• B) the effect of a minimum wage increase on inner-city crime rates
• C) the desirability of a minimum wage increase
• D) the consequences of implementing a minimum wage law in China

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Definitions:

Production Planner

A professional responsible for scheduling and coordinating manufacturing processes to meet demand and optimize resources.

Aggregate Planning

A process by which a company determines ideal levels of capacity, production, subcontracting, inventory, and labor for medium-term future periods to meet forecasted demand.

Overtime

Additional time worked by an employee beyond the normal or legally defined working hours, usually compensated at a higher pay rate.

Subcontracting

The practice of assigning parts of a project or job to outside companies or specialists to capitalize on efficiency and expertise.