Aggregation allows economists to ________ at the cost of ________.
A. make normative statements; ignoring positive analysis
B. see the details; obscuring the big picture
C. see the big picture; obscuring the details
D. make positive statements; ignoring normative analysis
Answer: C
Economics
You might also like to view...
What is the difference between total utility and marginal utility?
What will be an ideal response?
Economics
In 2008, Computers, Inc produced personal computers worth $20 million. If $16 million worth were sold and $4 million worth remained unsold at year end and were added to inventories, how much did Computers, Inc contribute to GDP in 2008?
a. $0 b. $4 million c. $12 million d. $16 million e. $20 million
Economics