Economists become policy makers when they deal with ______.
a. objective analysis
b. empirical analysis
c. positive analysis
d. normative analysis
d. normative analysis
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The following are features of the Asian model
a. high savings b. low shares of government c. large investments in human capital d. a, b and c are correct e. only a and c are correct
Bill owns "Bill's Home of Blues" a store that specializes in selling CDs and DVDs of blues musicians of the 1960s and 1970s. Bill took out a loan from his bank to pay for his store and its initial inventory
Bill pays the bank $900 per week for his loan. The $900 bank payment A) is a short-run implicit cost. B) is a fixed cost. C) is a variable cost. D) is a long-run implicit cost.
We see that the Netherlands, Belgium, and Ireland trade considerably more with the United States than with many other countries
A) This is explained by the gravity model, since these are all large countries. B) This is explained by the gravity model, since these are all small countries. C) This fails to be consistent with the gravity model, since these are small countries. D) This fails to be consistent with the gravity model, since these are large countries. E) This is explained by the gravity model, since they do not share borders.
In 1964 civil rights legislation was passed
a. that made it illegal for women to make less than the minimum wage. b. that created the No Woman Left Behind Commission. c. prohibiting employers from discriminating based on race and gender. d. requiring fields traditionally dominated by male workers to hire more female candidates.