Analysis that involves value judgments about economic policies is
A) positive economics.
B) normative economics.
C) microeconomics.
D) macroeconomics.
B
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How might technological change and globalization explain trends in the distribution of income?
What will be an ideal response?
For a whole life policy, the policy holder pays
A) premiums based on current interest rates. B) a constant premium. C) premiums that vary with mortality risk. D) constantly declining premiums.
We can calculate the GDP by adding the values added by each firm that produced the goods and services
a. True b. False Indicate whether the statement is true or false
The case for government stabilization policy is made more compelling if the
A. self-correcting mechanism works very slowly. B. self-correcting mechanism works too fast. C. value of the multiplier is very small. D. aggregate supply curve is very flat.