Ben Bernanke,Chairman of the Federal Reserve,must choose whether tomorrow he meets with the Secretary of the Treasury or with the Congress regarding the financial crisis. This choice reflects the
A) fact that Bernanke faces scarcity.
B) concept of entrepreneurship.
C) fact that Bernanke responds to incentives
D) use of capital.
Correct Answer:
Verified
Q182: The statement that _ is a positive
Q185: Which of the following is a normative
Q191: Normative statements are statements about
A) prices.
B) quantities.
C)
Q192: Economic models
A) are essentially different from those
Q193: Which of the following is a normative
Q194: A normative statement is
A) about what ought
Q195: Which of the following is a normative
Q197: Which of the following is a positive
Q199: "The rich should pay higher income tax
Q200: A normative statement is
A) about what ought
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