The Economic Analysis of Minimum Wage Involves Both Normative and Positive

question 127

Multiple Choice

The economic analysis of minimum wage involves both normative and positive analysis.Consider the following consequences of a minimum wage:
a.The minimum wage law causes unemployment.
b.A minimum wage law benefits some groups and hurts others.
c.In some cities such as San Francisco and New York,it would be impossible for low-skilled workers to live in the city without minimum wage laws.
d.The gains to winners of a minimum wage law should be valued more highly than the losses to losers because the latter primarily comprises businesses.
Which of the consequences above are positive statements and which are normative statements?

• A) a, b, and c are positive statements and d is a normative statement.
• B) a and b are positive statements, c and d are normative statement.
• C) Only a is a positive statement, b, c, and d are normative statements.
• D) a and c are positive statements, b and d are normative statements.

Understand the role and indicators of classical conditioning in infant behavior.

Identify the signs and developmental timeline of colic in infants.

Understand the fundamental concepts and stages of prenatal development.

Identify the characteristics and importance of the zygote in development.

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Definitions:

Active Against Viruses

Refers to substances or agents that have the ability to inhibit the replication or effect of viruses, contributing to antiviral treatment.

Cancer

is a disease characterized by the uncontrolled division of abnormal cells in a part of the body, leading to tumor growth and potential spread to other parts.

Memory Cells

Immune cells that remember past infections and can quickly respond to subsequent exposures to the same pathogen.

Antigen

A substance that, when introduced into the body, causes an immune response, often involving the production of antibodies.