"An increase in the federal minimum wage will provide a living wage for the working poor" is:
a. a statement of positive economics. b. a fallacy of composition.
c. a tautology. d. a statement of normative economics.
d
Economics
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Buying a house during a recession may be a good idea if your job seems secure because the Federal Reserve often lowers interest rates during a recession
Indicate whether the statement is true or false
Economics
If the interest rate is 10 percent, the net present value of $500 to be received one year from now is
a. $413.22. b. $450. c. $454.55. d. $500.
Economics