Economic models
A) are used only in normative economics.
B) are useful in determining how specific policies affect society's goals.
C) are only useful if their assumptions are realistic.
D) cannot be used for normative purposes.
Correct Answer:
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Q132: A widely accepted socio-economic goal is
A)unemployment.
B)inefficiency.
C)economic growth.
D)inflation.
Q133: A widely accepted socio-economic goal is
A)inefficiency.
B)price stability.
C)inflation.
D)unemployment.
Q134: In a model,an independent variable represents
A)a cause.
B)an
Q135: Additional police officers should be hired to
Q136: A direct relationship is
A)one in which an
Q138: A dependent variable is
A)a variable whose value
Q139: Normative economic analysis
A)generates testable hypotheses.
B)includes statements about
Q140: Which of the following is a normative
Q141: Explain the difference in economics between self-interest
Q142: A line with a negative slope shows
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