In regards to whether the minimum wage should be raised, positive analysis would do all of these definitively EXCEPT: forecast how many jobs businesses would eliminate due to higher wages. analyze how the profitability of employers would be affected. lay out what the government should do about the minimum wage. estimate the number of people who would get a pay raise.
In regards to whether the minimum wage should be raised, positive analysis would do all of these definitively EXCEPT: forecast how many jobs businesses would eliminate due to higher wages. analyze how the profitability of employers would be affected. lay out what the government should do about the minimum wage. estimate the number of people who would get a pay raise.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:In regards to whether the minimum wage should be raised, positive analysis would do all of these
definitively EXCEPT:
forecast how many jobs businesses would eliminate due to higher wages.
analyze how the profitability of employers would be affected.
lay out what the government should do about the minimum wage.
estimate the number of people who would get a pay raise.
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