Although economic science can contribute theoretical and factual knowledge on a particular issue, the final decision on policy questions often depends on:

a. information that is not currently available
b. social values
c. ethical considerations
d. all of these

d

Economics

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Why is the line between frictional and structural unemployment sometimes hard to draw?

What will be an ideal response?

Economics

What area in the above figure is the consumer surplus at the efficient quantity?

A) A B) A + B + C C) F D) D + E + F

Economics