A normative economic statement such as "The minimum wage should be abolished"
a. would likely be made by an economist acting as a scientist.
b. would require values and data to be evaluated.
c. would require data but not values to be evaluated.
d. could not be evaluated by economists acting as policy advisers.
b
Economics
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What are "cash-out refinancings"?
What will be an ideal response?
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If an economy is allocatively efficient, it must be producing
A) beyond its production possibilities frontier. B) inside its production possibilities frontier. C) on its production possibilities frontier. D) the goods and services that are the most expensive. E) the goods and services that are the least expensive to produce.
Economics