Economists sometimes give conflicting advice because
a. graduate students in economics are encouraged to argue with each other.
b. economists have different values and scientific judgment.
c. economists acting as scientists do not like to agree with economists acting as policy advisers.
d. economics is more of a belief system than a science.
b
You might also like to view...
Foreign direct investment implies that the investor obtains ________ share in a foreign company's ownershi
A) less than 10 percent B) less than 1 percent C) less than 5 percent D) none of the above
Which component of employee compensation has grown most rapidly in recent decades?
A) net interest income B) benefits C) transfer payments D) wages and salaries E) net factor income
Economic growth may be represented by a(n):
a. leftward shift of a production possibilities curve. b. outward shift of a production possibilities curve. c. movement along a production possibilities curve. d. production possibilities curve that remains fixed.
In high inflation countries, inflation rates can exceed the rate of growth of money because:
A. money loses value quickly with inflation. B. high inflation increases the velocity of money. C. high rates of inflation increase the opportunity cost of holding money. D. all of the answers given are correct.