Normative economics
A. does not depend on market interactions.
B. only looks at the best parts of the economy.
C. examines how the economy actually works (as opposed to how it should work).
D. embodies value judgments.
D. embodies value judgments.
Economics
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Net unilateral transfers
A) are part of a national income. B) are part of a country's product. C) must be added to NNP in calculations of national income. D) are part of a country's GNP. E) Only A and C.
Economics
Wage differentials exist because not all workers and all jobs are alike
a. True b. False Indicate whether the statement is true or false
Economics