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:

Self-determination Theory

A theory of motivation that emphasizes the role of intrinsic motivation in driving human behavior.

Self-perception Theory

A theory suggesting that individuals infer their attitudes and feelings by observing their own behavior and the context in which it occurs.

Descriptive Norms

Social norms that describe what is commonly done in specific situations, guiding behavior by indicating what is considered normal or typical.

Injunctive Norms

Social rules that dictate what behaviors are typically approved or disapproved of within a community or society.