Which of the following tools did Adam Smith argue provided a reasonable way to address normative questions objectively?
A) The impartial spectator tool
B) The invisible observer tool
C) The scientific observer tool
D) The reasoned spectator tool
Correct Answer:
Verified
Q104: What relates positive economics to normative economics?
A)
Q105: "Price controls in competitive markets cause shortages"
Q106: Which of the following is the best
Q107: "The distribution of income should be left
Q108: Normative economics seeks to:
A) determine the most
Q110: Maintaining objectivity is easiest in:
A) positive economics.
B)
Q111: Positive economics seeks to:
A) determine the most
Q112: The art of economics is:
A) the application
Q113: Using the impartial spectator tool, one arrives
Q114: Say that an economic model concludes that
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