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 ?

Related Mcqs:

Points on the production possibilities frontier are ?

A. inefficient B. normative C. unattainable D. efficient...

Economic growth is depicted by ?

A. a shift in the production possibilities frontier outward. B. a movement from inside the curve toward the curve. C. a shift in the production possibilities frontier inward D. a movement along a production possibilities frontier toward capital goods....

Which of the following will not shift a country’s production possibilities frontier outward ?

A. an advance in technology B. an increase in the labor force C. an increase in the capital stock D. a reduction in unemployment...

Which of the following statements is normative ?

A. Large government deficits cause an economy to grow more slowly B. People work harder if the wage is higher C. The unemployment rate should be lower D. Printing too much money causes inflation...

Positive statements are ?

A. Macroeconomic B. Microeconomics C. statements of description that can be tested D. Statements of prescription that involve value judgments....