Answer the following statement(s) true (T) or false (F)
1. Economist rarely have opinions or make value judgments.
2. Many controversies in economics revolve around policy considerations that contain both positive analysis and normative analysis.
3. Positive analysis can tell us whether a policy should be implemented.
4. Disagreements happen much more often in economics than in other fields.
1. False
2. True
3. False
4. False
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If the net public debt expanded last year, then which of the following most likely occurred during the year?
A) The government's budget was balanced. B) The government's tax collections exceeded its spending. C) The government experienced a budget surplus. D) The government experienced a budget deficit.
The rate of return that financial investors require to hold a risky asset minus the rate of return on a safe asset is called the:
A. nominal interest rate. B. real interest rate. C. risk premium. D. discount rate.
Since the 1980's, most of the economic growth has come from
A. emerging economies in Africa. B. eastern European countries. C. emerging economies of Asia. D. middle eastern countries.
Which of the following statements is true?
A. Leverage increases risk. B. Leverage lowers the expected return and lowers risk. C. Leverage increases expected return while lowering risk. D. Leverage lowers the expected return and increases risk.