Professor Neumark suggests that an increase in the minimum wage will increase teenage unemployment. To test the validity of this theory, researches will use:
A) cyber-economics.
B) econometrics.
C) deductive game theory.
D) qualitative techniques.

Question

Quizplus · Accepted Answer

Econometrics is the correct choice because it involves the use of statistical methods to test hypotheses and forecast future trends in economics, which is suitable for testing the theory that an increase in the minimum wage will increase teenage unemployment.

Professor Neumark Suggests That an Increase in the Minimum Wage