BU224_01_HILL_2 - BU224 Unit 2 Assignment Name Course Number Section Number Unit Number Date Audrey Hill BU224 01-2 General Instructions for all

BU224_01_HILL_2 - BU224 Unit 2 Assignment Name Course...

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BU224 Unit 2 Assignment: Name: - Audrey Hill Course Number: - BU224 Section Number: - 01 Unit Number: - 2 Date: - 5/22/2015 ---------------------------------- General Instructions for all Assignments ----------------------------------- 1. Unless specified differently by your course instructor, save this assignment template to your computer with the following file naming format: Course number_section number_LAST_FIRST_ unit number 2. At the top of the template, insert the appropriate information: Your Name, Course Number, Section Number and Date 3. Insert your answers below, or in the appropriate space provided for in the question. Your answers should follow the APA format with citations to your sources and, at the bottom of your last page, a list of references. Your answers should also be in Standard English with correct spelling, punctuation, grammar, and style (double spaced, in Times New Roman, 12-point, black font). Respond to questions in a thorough manner, providing specific examples of concepts, topics, definitions, and other elements asked for in the questions. 4. Provide a list of references at the end of the last page of your assignment. 5. Upload the completed assignment to the appropriate dropbox. 6. Any questions about the assignment, or format questions, should be directed to your course instructor. ------------------------------------------- Career Competencies ----------------------------------------- In this assignment, you will engage in developing the following career competencies: Analyzing Quantitative Data Analyzing Qualitative Data Improving Global Awareness ------------------------------------------- Assignment ------------------------------------------- 1. A representative of the American clothing industry recently made the following statement: “Workers in Asia often work in sweatshop conditions earning only pennies an hour. American workers are more productive and as a result earn higher wages. In order to preserve the dignity of the American workplace, the government should enact legislation banning imports of low - wage Asian clothing.” a. Which parts of this quote are positive statements? Which parts are normative statements? Page 1 of 8
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Positive economics is “the focus of most economic research. It is the analysis of the way the world works, in which there are definite right and wrong answers. It often involves making forecasts” [ CITATION Kru13 \l 1033 ]. The parts of the quote that are positive statements are: “Workers in Asia often work in sweatshop conditions earning only pennies an hour.” and “American workers are more productive and as a result earn higher wages.” Normative economics “makes prescriptions about how things ought to be, there are often no right answers and only value judgments” [ CITATION Kru13 \l 1033 ]. The part of the quote that is a normative statement is: “In order to preserve the dignity of the American workplace, the government should enact legislation banning imports of low - wage Asian clothing.” b. Is the policy that is being advocated consistent with the preceding statements about the wages and productivities of American and Asian workers?
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