1. Microeconomics is often called A) price theory. B) decision science. C) scarcity. D) resource theory. 2. Which of the following statements is a normative statement? A) Minimum wage reduces...

1. Microeconomics is often called<br>A) price theory.<br>B) decision science.<br>C) scarcity.<br>D) resource theory.<br>2. Which of the following statements is a normative statement?<br>A) Minimum wage reduces employment.<br>B) Minimum wages causes surplus in labor market.<br>C) Minimum wage will improve the living of junior works more than senior workers.<br>D) Minimum wage should be welcomed by the low income class.<br>

Extracted text: 1. Microeconomics is often called A) price theory. B) decision science. C) scarcity. D) resource theory. 2. Which of the following statements is a normative statement? A) Minimum wage reduces employment. B) Minimum wages causes surplus in labor market. C) Minimum wage will improve the living of junior works more than senior workers. D) Minimum wage should be welcomed by the low income class.

Jun 08, 2022

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1. Microeconomics is often called A) price theory. B) decision science. C) scarcity. D) resource theory. 2. Which of the following statements is a normative statement? A) Minimum wage reduces...

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