Capital refers to a person's assets True or False

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

ICE Princess25 [194]

Explanation:

First, remember that the difference between normative and positive economic analysis 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.

Thus, a Normative analysis of the consequence of minimum wage would be the following statements:

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.

And a Positive analysis of the consequence of minimum wage would be the following statements:

a. The minimum wage law causes unemployment.

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

4 0

2 years ago

Unemployment would cause an economy to Group of answer choices produce outside its production possibilities frontier. produce in

bagirrra123 [75]

Answer:

The correct answer is: produce inside its production possibilities frontier.

Explanation:

The production possibility frontier shows the maximum possible combination of two goods that an economy can produce using all the available resources and state of technology.

Unemployment in an economy means that all the available resources are not being completely used. So, the economy will operate at a point inside the production possibility curve.

Production at this point will be feasible but allocatively inefficient.

3 0

3 years ago

What is the difference between an authoritarian and a democratic manager?

dolphi86 [110]

Answer:

Autocratic leadership has only one person that has the authority to make decisions and takes very little to no inputs from other groups, Democratic leadership allows everyone to participate in decision making.

Explanation:

Authoritarian leadership, also known as autocratic leadership, is a management style in which an individual has total decision-making power and absolute control.

Democratic management involves managers reaching decisions with the input of the employees but being responsible for making the final decision.

6 0

2 years ago

A newspaper article once reported that the u.s. economy was experiencing a low rate of inflation. it said that "low inflation ha

noname [10]

I think policymakers would link social security payments to inflation to help the recipients with the increased cost of living due to inflation of prices also. I don't think small increases due to a low rate of inflation is a downside because the low rate of inflation means goods and services will not increase much in price so will still be relatively affordable.

7 0

3 years ago

Question 1 of 10

Montano1993 [528]

Answer:

it's most likely B or D. but you need to double check

3 0

2 years ago