Although economic science can contribute theoretical and factual knowledge on a particular issue, the final decision on policy questions often depends on:

Question

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While economic science can provide important information and insights, policy decisions often involve factors beyond economic considerations such as social values and ethics. Additionally, policy decisions may require information that is not currently available or may be difficult to quantify through economic analysis. Therefore, all of these factors can play a role in shaping the final decision on policy questions.

Although Economic Science Can Contribute Theoretical and Factual Knowledge on a Particular