Multiple Choice
Which of the following is an example of normative economics?
A) The minimum wage has not kept pace with inflation.
B) The minimum wage is an important tool in fighting poverty and should be increased.
C) The minimum wage can create higher unemployment for teens and unskilled workers.
D) A higher minimum wage is expected to increase the price of a fast-food cheeseburger.
Correct Answer:
Verified
Correct Answer:
Verified
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