Multiple Choice
A statement describing how the world is now
A) is a normative statement.
B) is a positive statement.
C) would only be made by an economist speaking as a policy adviser.
D) would only be made by an economist employed by the government.
Correct Answer:
Verified
Correct Answer:
Verified
Q23: Why do economists disagree?
Q24: If money growth and inflation were strongly
Q26: Explain how economists can claim to act
Q27: A simplifying assumption<br>A) affects the important conclusions
Q27: Normative conclusions<br>A)come from positive analysis alone.<br>B)are based
Q29: What is feminist economics?
Q30: The distinction between positive and normative economics<br>A)
Q32: An endogenous variable<br>A) is a variable whose
Q113: Economists make assumptions in order to<br>A) mimic
Q114: Economic models omit many details to allow