Multiple Choice
Which statement is positive? Which statement is normative? I.The federal minimum wage in 2016 was $7.25 an hour.
II.The minimum wage should be high enough that families will not live in poverty.
A) I is positive;II is normative.
B) I is positive;II is positive.
C) I is normative;II is positive.
D) I is normative;II is normative.
Correct Answer:
Verified
Correct Answer:
Verified
Q140: All points on the production possibility frontier
Q141: Use the following to answer question: <img
Q142: Economic models that make unrealistic assumptions may
Q143: In the circular-flow diagram,the flow of money
Q144: Before 2000,the mortgage-backed securities market was relatively
Q146: Use the following to answer question:<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6643/.jpg"
Q147: Use the following to answer question: <img
Q148: Mary spends $5 on food for her
Q149: In the product market,households buy goods and
Q150: The production possibility frontier will NOT shift