Economists disagree about whether increasing the minimum wage is a good idea,because they put different weight on the importance that the negative impacts have relative to the positive impacts.As such,the disagreements are usually over
A) normative issues
B) positive issues
C) the mathematical calculations in an economic model
D) whether microeconomics or macroeconomics is more important
E) whether economic theory is useful in explaining the behavior of actors in the economy

Question

Quizplus · Accepted Answer

The disagreements over whether increasing the minimum wage is a good idea are normative issues, meaning they involve value judgments about what is desirable or undesirable. Economists have different opinions on the policy based on their own values and beliefs about the relative importance of the positive and negative impacts.

Economists Disagree About Whether Increasing the Minimum Wage Is a Good