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Suppose two economists are arguing about policies that deal with unemployment. One economist says. The government could lower unemployment by one percentage point if it would just increase government spending by 50 billion dollars the other economist responds Nonsense and poppycock! If the government spent an additional 50 billion dollars it would reduce unemployment by only one tenth of one percent. and that effect would only be temporary! These economists ?
Which of the following issues is related to microeconomics ?
Positive statements are ?
Which of the following statements is normative ?
Which of the following will not shift a country’s production possibilities frontier outward ?
Which of the following statements about microeconomics and macroeconomics is not true ?
Suppose two economists are arguing about policies that deal with unemployment One economist says the government should fight unemployment because it is the greatest social evil The other economist response Nonsense Inflation is the greatest social evil These economists ?
In making which of the following statements is an economist acting more like a scientist ?
Economic growth is depicted by ?
Points on the production possibilities frontier are ?
Which of the following is not a factor of production ?
Which of the following is most likely to produce scientific evidence about a theory ?
In which of the following cases is the assumption most reasonable ?
Economic models are ?
Which of the following statements regarding the circular-flow diagram is true ?

The scientific method requires that ?

A. the scientist be objective
B. The scientific use precision equipment.
C. only correct theories are tested
D. only theories are tested.
E. the scientist uses test tubes and have clean lab.

Correct Answer: the scientist be objective ✔

Last Updated: June 11, 2019