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Is this a positive statement or normative statement The minimum wage creates unemployment among young and unskilled workers?
It is a positive statement.
What would be a normative statement concerning the minimum wage?
A normative statement concerning the minimum wage is that it should be set at a level that allows individuals to meet their basic needs such as housing and food without relying on public assistance. It should also be high enough to reflect the cost of living in a particular area and should be adjusted periodically to account for inflation. Additionally the minimum wage should be set at a level that does not reduce job opportunities for those earning it. Minimum wage should be set at a level that allows individuals to meet their basic needs Minimum wage should be high enough to reflect the cost of living in a particular area Minimum wage should be adjusted periodically to account for inflation Minimum wage should be set at a level that does not reduce job opportunities for those earning itSetting the minimum wage at an appropriate level is an important part of ensuring economic fairness and protecting the livelihoods of those who are unable to earn higher wages.
Which best describes changes to labor relations in the 1920s?
The minimum wage for women was abolished.
Is a minimum a positive or negative?
It depends on whether or not what you are measuring is good or bad. Most people would say that minimum pain is positive or that minimum happiness is negative.
Can you think of a specific situation in which normative economics have played a significant role in the decision making process?
One specific situation where normative economics played a significant role is in the formulation of minimum wage laws. Policymakers often use normative economic principles to argue that a higher minimum wage is necessary to ensure a living wage for workers, reflecting societal values about fairness and equity. This decision-making process involves weighing the moral implications of income inequality against potential economic consequences, such as unemployment or increased costs for businesses. Ultimately, the choice to implement such laws is grounded in normative beliefs about what constitutes a just society.
What is the maximum and minimum of positive integers?
minimum is '0' and maximum cannot be defined
Should the federal minimum wage be abolished?
No, people need to be paid at least a minimum, however I think the states should decide not the Government. Each State is different, what seems minimum in Alaska is different to say Manhattan NY or CA.
All polynomials have at least one minimum?
No. For example all polynomials of the form y=xn (or sums of such positive terms) where n is a positive odd number do not have a minimum.
How do you know if the vertex is a minimum?
To determine if a vertex is a minimum in a quadratic function, you can analyze the coefficient of the quadratic term (the leading coefficient). If the coefficient is positive, the parabola opens upwards, indicating that the vertex is a minimum point. Additionally, you can use the second derivative test; if the second derivative at the vertex is positive, the vertex is confirmed as a minimum.
Is the vertex of a parabola occurs at the minimum value of the function?
Yes if it is positive
What is the minimum value of sum of a positive real number and its reciprocal?
This minimum is achieved when the number is 1 (and the reciprocal therefore is also 1).
Which group of Blood is maximum and minimum among people in the world?
B positive
