"An increase in the federal minimum wage will provide a living wage for the working poor" is:
A) a statement of positive economics.
B) a fallacy of composition.
C) a tautology.
D) a statement of normative economics.
Correct Answer:
Verified
Q49: When building a model, an economist must:
A)
Q50: When economists use the term Ceteris paribus
Q76: "As soon as a mayor announced his/her
Q100: If the price of a textbook rises
Q102: A positive economic statement is:
A) an opinion
Q104: Which of the following is a statement
Q105: Which of the following is a statement
Q106: What type of economic analysis is limited
Q109: The Secretary of Labor states that wage
Q124: Which of the following represents a positive
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Install the app to get 2 free unlocks
Unlock quizzes for free by uploading documents