The fact that every dollar that the government spends or transfers must ultimately be provided by the taxes and user charges it collects plus government borrowing is known as the

The motives of accountants and their clients are not free of conflicts

Indicate whether the statement is true or false

Suppose an economist uses an econometric model to estimate the demand for peanut butter in the United States. This modeling is an example of

a. economic policy making b. normative economics c. positive economics d. macroeconomic analysis e. descriptive economic analysis