Which of the Following Is NOT Normative Economic Statement

question 70

Multiple Choice

Which of the following is NOT normative economic statement?

• A) The minimum wage should be eliminated so unemployment can be reduced.
• B) Increases in the minimum wage cause increases in unemployment.
• C) The inflation rate should fall to increase individuals' well being.
• D) Taxes on cigarettes should be increased to reduce smoking.

Recognize the impact of systemic inequalities on marginalized communities.

Understand the theoretical perspectives on social stratification, including the contributions of Karl Marx, Max Weber, and Pierre Bourdieu.

Assess the concept of socioeconomic status and how it is perceived in social interactions.

Gain insight into contemporary issues of social inequality and its implications for social justice.

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Definitions:

Fugitive Slave Act

Legislation passed in 1850 requiring the return of escaped slaves to their owners, even if they were in a free state.

Economic Integration

The process by which different countries reduce trade barriers and coordinate monetary and fiscal policies in order to create a more seamless and unified global economy.

Republican Party

One of the two major contemporary political parties in the United States, traditionally advocating for conservative policies.

Catholic Church

The largest Christian church, with more than a billion members worldwide, led by the Pope and characterized by its traditions and interpretation of Christian doctrine.