Economists' suggestions for social policy are determined by subjective value judgments as well as by objective economic analyses.
Answer the following statement true (T) or false (F)
True
Although in positive analysis economists try to keep their value judgments separate, policy proposals necessarily involve value judgments.
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According to this Application, the policies used by the European Union to support the agricultural sectors of its member countries created excess supply
This would occur if these policies set a ________ price which was ________ the market equilibrium price. A) maximum; below B) minimum; above C) maximum; above D) minimum; below
Exhibit 36-2 Stock High Low Close Net chg. Dasher 17.25 16.75 17.00 (A) Dancer 34.85 34.25 (B) +0.25 Prancer 56.50 55.90 56.00 (C) Vixen 65.90 (D) 64.75 -0.75 Refer to Exhibit 36-2. If the closing price of Dasher's stock on the previous day was $17.50, what value goes in blank (A)?
A. -0.50 B. +0.50 C. -0.25 D. -0.75 E. There is not enough information given to answer this question.
If Dian chooses a job with a lower income over one with a higher income, she cannot be maximizing utility
a. True b. False
If the value of the spending multiplier is greater than 1, then an increase in investment will shift the aggregate demand curve to the left
a. True b. False Indicate whether the statement is true or false