Analysis that addresses the question of whether a policy should be used is called ________ analysis.
A. fiscal
B. normative
C. positive
D. monetary
Answer: B
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Explain what the fallacy of composition is and give an example
What will be an ideal response?
As a currency depreciates:
A) exports increase and imports decrease. B) exports decrease and imports increase. C) exports increase and imports increase. D) exports decrease and imports decrease.
When making a rational decision which requires the consideration of costs and benefits involved, the opportunity cost of a decision is often not taken into consideration when indeed it should be
a. True b. False Indicate whether the statement is true or false
It is true in monopoly pricing that the
a. sky is not the limit. b. market cannot impose a price on a monopolist. c. monopolist is a price maker. d. All of the above are correct.