Economists Disagree About Whether Increasing the Minimum Wage Is a Good

question 61

Multiple Choice

Economists disagree about whether increasing the minimum wage is a good idea,because they put different weight on the importance that the negative impacts have relative to the positive impacts.As such,the disagreements are usually over

• A) normative issues
• B) positive issues
• C) the mathematical calculations in an economic model
• D) whether microeconomics or macroeconomics is more important
• E) whether economic theory is useful in explaining the behavior of actors in the economy

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Definitions:

Variable-interval

A reinforcement schedule where a response is reinforced after a variable and unpredictable time interval has occurred.

Variable-ratio

A schedule of reinforcement where a response is reinforced after an unpredictable number of responses. This schedule creates a high steady rate of responding.

Fixed-ratio

A schedule of reinforcement where a response is only reinforced after a specific number of responses, common in behaviorist psychology.

Fixed-interval

A schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed.