Which of the following is a normative statement: a. Women’s labor force participation (LFP) increased substantially in the latter half of the 20th century b. Women with children shouldn’t go to work c. Age at first marriage has been increasing since 1970 d. The increase in women’s LFP was caused by the decline in marriage e. Age at first marriage and women’s LFP are positively correlated..

Which of the following is a normative statement: a. Women’s labor force participation (LFP) increased substantially in the latter half of the 20th century b. Women with children shouldn’t go to work c. Age at first marriage has been increasing since 1970 d. The increase in women’s LFP was caused by the decline in marriage e. Age at first marriage and women’s LFP are positively correlated..

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter2: Choice In A World Of Scarcity

Section: Chapter Questions

Problem 23CTQ: Do economists have any particular expertise at making normative arguments? In other words, they have...

See similar textbooks

Similar questions

] Suppose that a football team is holding tryouts for various positions. A certain playertries out for both offensive line and defensive line. He ends up making the team as an offensivelineman. However, he is actually better at the defensive position. He is puzzled by this so he asksthe coach to explain. What do you think the coach told the player? Relate this to an economicconcept or concepts we have discussed.
What is a good example of the effect of human capital on income? O A Workers who learn to make high demand products are well-paid O B. Only job applicants with high school diplomas get interviews O C. Employees who learn to perform high risk jobs always get paid more O D. People with college degrees usually earn more than those with less education
. What is Labor Economics?
Do economists have any particular expertise at making normative arguments? In other words, they have expertise at making positive statements (i.e., what will happen) about some economic policy, for example, but do they have special expertise to judge whether or not the policy should be undertaken?
Determine whether each of thefollowing would increase or decrease the opportunity costs formothers who choose not to work outside the home. Explain youranswers.a. Higher levels of education for womenb. Higher unemployment rates for womenc. Higher average pay levels for womend. Lower demand for labor in industries that traditionally employlarge numbers of women
Bofore starring in Guardans of the Galary, Chris Pratt had appeared in 11 movies that grossed an average of $7 milion on the opening weekend. Guardians of the Galaxy grossed $04 million. The success of Guardians of the Galaxy the opportunity cost of hiring Chris Pratt Movie producers now have incentive to hire Chris Pratt. 59 OA decreases, more OB. increases: less OC decreases, less OD. increases more
10. Economics: Labor Economics Thank you for your help and support Academic Agent!
Jordan's Labor Choices 230 --M-Budget Line -0-11 612 210 200 190 180 170 160 150 140 130 ho 100 90 B0 po 50 50 40 30 20 10 15 20 Hours of Leisure Jordan's labor choices are illustrated in the graph above. The wage rate is $14/hour, the price of consumption units is $1 per unit. How many hours will Jordan work? Units of Consumption
Answer the following question.. "The Consumer Price Index increased by 4.2 percent in the first quarter of this year." What type of statement is this? a. normative b. negative c. positive d. subjective e. biased
pls solve question for microeconomic theory
Humanity is faced with a tough choice, work or leisure. Within the theory of consumer behaviour, apply the labour-leisure choice model to explain what happens when there are two (2) consecutive increases in the wage rate of a an individual and use that to derive the individual's 1.labour supply curve 2.demand for leisure curve
Classify each of the following statements as positiveor normative. Explain.a. Society faces a short-run trade-off betweeninflation and unemployment.b. A reduction in the growth rate of the moneysupply will reduce the rate of inflation.c. The Federal Reserve should reduce the growthrate of the money supply.d. Society ought to require welfare recipients to lookfor jobs.e. Lower tax rates encourage more work and moresaving