Multiple Choice
Value judgments:
A) always produce predictable results.
B) are subjective opinions that cannot be proven correct on the basis of objective facts or evidence.
C) should be the basis for all serious policy discussions.
D) can always be tested and verified using accepted standards of logic and evidence.
Correct Answer:
Verified
Correct Answer:
Verified
Q12: Which of the following is an assumption
Q13: Consider the production possibility frontier of an
Q14: Do you think that the behavior of
Q15: If a production possibility frontier is drawn
Q16: In judging the value of a theory,the
Q18: The opportunity cost of a good is
Q19: The explicit cost of production equals:<br>A)opportunity cost
Q20: If the nominal price of apples has
Q21: Positive economics differs from normative economics in
Q22: Consider the following theory: the more one