Multiple Choice
Which of the following statements is an example of positive economics?
A) The minimum wage should be increased to allow minimum-wage workers to earn decent incomes.
B) In a free market environment,wages should be set by the market.
C) A higher minimum wage will reduce the number of workers hired.
D) A higher minimum wage will be fairer to skilled workers.
E) A higher minimum wage is good for the economy.
Correct Answer:
Verified
Correct Answer:
Verified
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