Multiple Choice
A normative economic statement such as "The minimum wage should be abolished"
A) would likely be made by an economist acting as a scientist.
B) would require values and data in order to be evaluated.
C) would require data but not values in order to be evaluated.
D) could not be evaluated by economists acting as policy advisers.
Correct Answer:
Verified
Correct Answer:
Verified
Q30: The art in scientific thinking -- whether
Q35: Economists work both inside and outside the
Q43: Economists use one standard set of assumptions
Q50: One way to characterize the difference between
Q87: The slope of a line is the
Q101: John Maynard Keynes observed that during rare
Q103: Indiadesh is a country that produces two
Q111: Figure 2-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-2
Q148: Economists make assumptions to<br>A)provide issues for political
Q238: An economy's production of two goods is