Normative statements
i. describe how the world is.
ii. describe how the world ought to be.
iii. depend on people's values and cannot be tested.
A) ii only. B) i and iii. C) iii only. D) i only. E) ii and iii.
E
Economics
You might also like to view...
If the required reserve ratio is one-third, currency in circulation is $300 billion, checkable deposits are $900 billion, and there is no excess reserve, then the monetary base is
A) $300 billion. B) $600 billion. C) $333 billion. D) $667 billion.
Economics
Which of the following is the best example of the concept of "another potential output"?
A. Coke and Pepsi B. SUVs C. Ramen noodles D. corn and soybeans
Economics