nts ort Drive Incorrect Question 5 Which of the following is a normative economic statement? Congress should increase th

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nts ort Drive Incorrect Question 5 Which of the following is a normative economic statement? Congress should increase the legal minimum wage at the federal level. 0/1 pts An increase in the legal minimum wage at the federal level would cause unemployment to increase An increase in the legal minimum wage at the federal level would cause unemployment to decrease An increase in the legal minimum wage at the federal level would cause unemployment to t stay the same.

Canvas Login nts ort Drive Incorrect Question 4 Which of the following statements is a normative economic statement? An increase in the demand for pizzas will increase the price of pizzas. A reduction in marginal income tax rates will result in higher tax revenue and an increase in employment. The government should ban all imports to protect American jobs, 0/1 pts Higher interest rates will decrease asset prices.

5 oport OneDrive Incorrect Question 2 Which of the following is true of the concept of scarcity? It is identical to the concept of poverty. It is a subjective concept. It is an objective concept. It is relevant only in normative analysis 0/1 pts