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dolphi86 [110]
3 years ago
11

The economic analysis of minimum wage involves both normative and positive analysis. Consider the following consequences of a mi

nimum​ wage: a. The minimum wage law causes unemployment. b. A minimum wage law benefits some groups and hurts others. c. In some cities such as San Francisco and New​ York, it would be impossible for low−skilled workers to live comfortably in the city without minimum wage laws. d. The gains to winners of a minimum wage law should be valued more highly than the losses to losers because the latter primarily comprises businesses. Which of the consequences above are positive statements and which are normative​ statements?
Business
1 answer:
ICE Princess25 [194]3 years ago
4 0

<u>Explanation:</u>

First, remember that the difference between <em>normative and positive economic analysis</em> is that;

Normative analysis take a somewhat neutral view by stating how the world should be. While

The Positive analysis states the facts. That is, it describes the world as it is.

<u> Thus, a </u><u>Normative analysis</u><u> of the consequence of minimum​ wage would be the following statements:</u>

c. In some cities such as San Francisco and New​ York, it would be impossible for low−skilled workers to live comfortably in the city without minimum wage laws.

d. The gains to winners of a minimum wage law should be valued more highly than the losses to losers because the latter primarily comprises businesses.

<u>And a </u><u>Positive analysis</u><u> of the consequence of minimum​ wage would be the following statements:</u>

a. The minimum wage law causes unemployment.

b. A minimum wage law benefits some groups and hurts others.

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SpyIntel [72]

Answer:

These are the options for the question:

a. Ultraconservative

b. Conservative

c. Moderate

d. Aggressive

And this is the correct answer:

c. Moderate

Explanation:

The type of investor described in the question can be defined as "moderate". On one hand, the this type of investor pools money to new companies, which is likely a risky action, because many new companies do not survive for long.

On the other hand, this type of investor invests in collectibles, and real estate partnerships, which are safer instruments, because they provide limited liability.

Therefore, an investor that takes decisions that are risky but also decisions that are safe can be classified as a moderate.

7 0
3 years ago
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Arlecino [84]

Answer:

violates ethical, but not legal, standards.

Explanation:

Sherman act was created to prohibit restrains on trade of any collusion by different parties to form a monopoly or control price.

The act does not however prohibit all restraints of trade, bit rather those that are very unreasonable and harmful to competition.

In the given scenario the three companies only agreed to bid lowest for the 3 project under consideration.

Their action does not give them unfair advantage over other firms and may even lead to a loss on their part.

They do not have a strategy that will guarantee an edge over other firms.

So this is an ethical violation but not a legal one.

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5 0
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WITCHER [35]

The four different market structures determine profitability.

perfect competition, monopolistic competition, oligopoly, and monopoly.

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Profitability is measured in terms of income and expenses. Income is the money generated by a company's activities. For example, if you produce and sell crops or livestock, income will be generated. However, the money that flows into the business, such as borrowing money, is not income.

The accounting definition of profitability is when a company's total revenue exceeds its total expenses. This number is called net income, or income minus expenses, according to Iowa State University. Revenue is the total income generated by the company.

Learn more about Profitability brainly.com/question/27911836

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4 0
1 year ago
​Depreciation of the euro relative to the U.S. dollar will cause a U.S.-based MNC’s reported earnings (from the consolidated inc
dybincka [34]

Answer:

be reduced;selling

Explanation:

As if we compared the depreciation of the euro with U.S dollar so the U.S based earnings i.e to be reported by taking a reference from the consolidated income statement is to be reduced

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