A positive economic statement such as "Pollution taxes decrease the quantity of pollution firms generate"
a. would likely be made by an economist acting as a policy adviser.
b. would require values and data to be evaluated.
c. would require data but not values to be evaluated.
d. could not be evaluated by economists acting as scientists.
c
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Monetary policy is conducted by the U.S. Treasury Department
Indicate whether the statement is true or false
Use Figure 13.2 which depicts a monopolist firm to help with the following question. Define the area of total revenue that this firm will collect if it is maximizing profit. Use the letters that appear on the graph to identify the area
What will be an ideal response?
In a repeated prisoner's dilemma situation, cooperation can be achieved _____
a. if player A cooperates as long as player B cooperates b. if player A continually defects on player B c. if player A cooperates regardless of what player B does d. never
Assume that M is $200 billion and V is 6. If V increases by 15%, what will be the change in nominal GDP?
What will be an ideal response?