When an economist evaluates a positive statement, he or she is primarily
a. examining evidence.
b. acting as a scientist.
c. concerned with verifying how the world is.
d. All of the above are correct.
d
Economics
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Which condition(s) must exist for the Coase theorem to hold? I. Property rights must exist. II. Transactions costs must be measurable. III. A small number of parties must be involved
A) I and II only B) I and III only C) II and III only D) I, II and III
Economics
The Social Security system is a(n)
A) ad valorem system. B) ability to pay system. C) progressive tax system. D) pay-as-you-go system.
Economics