If two economists disagree on an issue and their disagreement is based on personal value judgments, then this controversy is a normative one

a. True
b. False

A

Economics

You might also like to view...

New money is created in the U.S. economy by

A) increased federal government expenditures. B) banks that create checkable deposits. C) the U.S. Treasury. D) U.S. Department of Mint. E) the U.S. Congress.

Economics

Recall the Application about the costs involved in opening a restaurant to answer the following question(s).Recall the Application. The royalty fee of 8.25 percent of revenue that you would pay to Sonic (the owner of the Sonic Drive-In brand) is:

A. considered a variable cost. B. considered a sunk cost. C. not considered part of your costs. D. considered a fixed cost.

Economics