Many disagreements among economists result because:
A) economists deal only with positive economics.
B) economists sometimes make normative judgments.
C) economics is a social science.
D) economics deals so much with theories and models.
Ans: B) economists sometimes make normative judgments.
Economics
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The table above shows the marginal costs and marginal benefits of college education. The marginal private cost of college education at the efficient quantity of enrollment is
A) $8,000 per year. B) $12,000 per year. C) $14,000 per year. D) $16,000 per year.
Economics
When was the last year that GDP per capita in North Korea was approximately equal to GDP per capita in South Korea?
A) 1950 B) 1970 C) 1990 D) 2000 E) none of the above
Economics