Multiple Choice
Economists consider normative statements to be
A) descriptive, making a claim about how the world is.
B) statements about the normal condition of the world.
C) prescriptive, making a claim about how the world ought to be.
D) statements which establish production goals for the economy.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: In conducting their research,economists often substitute historical
Q10: Congress relies on economists at the Congressional
Q47: Economists make use of assumptions,some of which
Q74: Economists,like mathematicians,physicists,and psychologists,<br>A)make use of the scientific
Q113: Economists make assumptions in order to<br>A) mimic
Q127: In building economic models,economists often omit<br>A)assumptions.<br>B)theories.<br>C)details.<br>D)equations.
Q168: In a simple circular-flow diagram, the two
Q178: Which of these statements about economic models
Q201: Which of the following statements about models
Q310: In a certain economy,peanuts and books are