'An Increase in the Federal Minimum Wage Causes an Increase

question 89

Multiple Choice

'An increase in the federal minimum wage causes an increase in unemployment among teenagers' is a:

• A) statement of positive economics.
• B) statement of normative economics.
• C) testable value judgement.
• D) fallacy of composition.

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Definitions:

Situational Attribution

The process of attributing a person's actions to external circumstances or situations rather than to internal characteristics.

Self-serving Bias

A common tendency for individuals to attribute their successes to internal factors while blaming external factors for their failures.

Fundamental Attribution Error

The tendency to overemphasize personal characteristics and ignore situational factors when judging others' behavior.

Dispositional Factors

Aspects of an individual's personality that influence their behavior and attitudes in various situations.