A Normative Economic Statement Such as "The Minimum Wage Should

question 34

Multiple Choice

A normative economic statement such as "The minimum wage should be abolished"

• A)would likely be made by an economist acting as a scientist.
• B)would require values and data to be evaluated.
• C)would require data but not values to be evaluated.
• D)could not be evaluated by economists acting as policy advisers.

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Definitions:

Psychological Disorder

A condition characterized by abnormal thoughts, emotions, or behaviors that cause distress or impairment to an individual.

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, responsible for processing most sensory information and directing bodily responses.

Organizational Cultures

Represents the collective behaviors, traditions, and unwritten rules that determine how an organization's members interact with each other and with stakeholders outside the organization.

Themes

Recurring subjects, motifs, or underlying ideas in artistic, literary, or musical work.