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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 13
Which of the following is a statement of normative economics?
A) The minimum wage is good because it raises wages for the working poor.
B) The minimum wage is supported by unions.
C) The minimum wage reduces the number of jobs for less skilled workers.
D) The minimum wage encourages firms to substitute capital for labor.
A) The minimum wage is good because it raises wages for the working poor.
B) The minimum wage is supported by unions.
C) The minimum wage reduces the number of jobs for less skilled workers.
D) The minimum wage encourages firms to substitute capital for labor.
Explanation
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Normative statement is that part of econ...
Economics for Today 9th Edition by Irvin Tucker
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