Feeling that woman should be paid the same as men for the same work is an example of... a) normative economics. b) positive economics. c) microeconomics. d) macroeconomics.

This belief showcases normative economics, which focuses on what ought to be. It’s all about values and judgments on fairness, making the case for equal pay rooted in ethical considerations rather than mere data. Advocates argue that paying women the same as men for equivalent work promotes equality and strengthens the economy by harnessing the full potential of the workforce. In real-world application, ensuring equal pay can significantly enhance workplace morale and productivity. Companies that embrace pay equity often notice reduced turnover and increased employee satisfaction, fostering an environment where everyone feels valued. Research shows that promoting practices like transparent pay scales can both mitigate disparities and boost a company’s reputation, making it a win-win for business and society alike!