Economists who work for the government are often called on to make policy recommendations. Why do you

Question:

Economists who work for the government are often called on to make policy recommendations. Why do you think it is important for the public to be able to differentiate normative statements from positive statements in these recommendations?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Microeconomics

ISBN: 978-1429283434

3rd edition

Authors: Paul Krugman, Robin Wells

See More Books

Question Posted: Dec 19, 2015 05:27 AM

See More Questions

Why do you think it is important to tell employee the purpose of a policy?
Why do you think it is important for project planners to revisit the network diagram as time goes on?
Why do you think it is important to use the market values of debt and equity rather than book values to calculate a firms WACC?
Pacific Company sells electronic test equipment that it acquires from a foreign source. During the year 2014, the inventory records reflected the following: Inventory is valued at cost using the LIFO...
A 10%, 25-year bond has a par value of $1,000 and a call price of $1,075. (The bonds first call date is in 5 years.) Coupon payments are made semiannually. a. Find the current yield, YTM, and YTC on...
Read"Collective Bargaining and Labor Relations," in the Human Resource Management. Read "HR in Small Business: Republic Gets Serious," then navigate to the threaded discussion below: Union or...
The numbers of tornadoes by state in 2016 are listed. (a) Draw a box-and-whisker plot that represents the data set (b) describe the shape of the distribution. 87 0 3 23 7 45 0 1 50 40 46 99 0 0 48 27...
Madison Park Co-op, a whole foods grocery and gift shop, has provided the following data to be used in its service department cost allocations: Required: Using the step-down method, allocate the...
Oscillations of a carbon monoxide (CO) molecule can be modeled with a harmonic oscillator. What is the size of energy of the harmonic oscillator at ground state when a CO molecule absorbs radiation...
Beds and Spreads Inc. specializes in bed and bath furnishings. Its inventory system is linked through the company's website to key suppliers. The auditor identified the following internal controls in...
Evaluate the following statement: "It is easier to build an economic model that accurately reflects events that have already occurred than to build an economic model to forecast future events." Do...
The mayor of Gotham City, worried about a potential epidemic of deadly influenza this winter, asks an economic adviser the following series of questions. Determine whether a question requires the...
Justify whether or not each of the following tables represents the probability distribution of a random variable $X$ : X P(X) -1 -2 72 47 0.26 0.45 -3 0.22 -4 0.07 X P(X) 0.21 0.20 0.22 0.20 0.23...
Consider the single variable function defined by y = 4x - x. a. Find a parameterization of the form r(t) = (x(t), y(t)) that traces the curve y = 4x 4xx on the interval from x = -3 to x = 3. - b....
Assume that Maria has automobile liability insurance in the amount of $250,000. Maria causes an accident (it is Maria's fault). The other driver offers to settle the matter for $100,000 in damages....
a) How many different Boolean functions of N variables are there? b) A three-input OR-AND-INVERT (OAI) gate is shown below. Complete the truth table for it. Doar c) Write a truth table for the...
There is a small fire in Mary's Apartment. When she tries to smother it with a blanket, she is burned by the flames that come from the blanket., which caught fire the moment she placed it on the...
From the data of Fig. 3.11, calculate the bandedge emission spectrum for GaAs at 300K.
Graph the sets of points whose polar coordinates satisfy the equations and inequalitie. = /2, r 0
If |62x|>9, which of the following is a possible value of x? A. 2 B. 1 C. 0 D. 4 E. 7
The accompanying diagram illustrates a taxi drivers individual supply curve (assume that each taxi ride is the same distance). a. Suppose the city sets the price of taxi rides at $4 per ride, and at...
There are six potential consumers of computer games, each willing to buy only one game. Consumer 1 is willing to pay $40 for a computer game, consumer 2 is willing to pay $35, consumer 3 is willing...
Hollywood screenwriters negotiate a new agreement with movie producers stipulating that they will receive 10% of the revenue from every video rental of a movie they authored. They have no such...
Describe the impact of Non-Uniform Memory Access (NUMA) on an operating system's memory management strategies, and how an OS can optimize performance in a NUMA-based hardware environment .
Explain the concept of system calls in operating systems, and discuss the security implications of exposing system-level operations to user space.
Rafner Manufacturing has the following budgeted data for its two production departments. Budgeted Data Assembly Overhead cost $ 1,560,000 $ 1,035,000 Direct labor hours Machine hours 13,000 direct...

Economists who work for the government are often called on to make policy recommendations. Why do you

Question:

Step by Step Answer:

Positive statements are those based on factor at least on our best estimate of what the facts a...View the full answer

Microeconomics

Students also viewed these Economics questions