--%>

How is Economic policy more scientific than economic theory

Which of the given LEAST describes the widespread but erroneous view which economists seldom agree: (1) The media focuses upon controversy, not agreement. (2) Political considerations, more than economic logic, find out policies. (3) Some economists may feel obligated to agree publicly along with the president although they disagree privately. (4) Economic policies depend upon controversial value judgments. (5) Economic policy is more scientific than economic theory.

Illustrate one option from the above in the specified options.

   Related Questions in Microeconomics

  • Q : Under negative income tax the net income

    Under the negative income tax system demonstrated in this figure, where a family of four all along with earned income of $60,000 yearly would have a net [after-tax] income of: (1) $37,500 per year. (2) $42,500 per year. (3) $50,000 per year. (4) $55,0

  • Q : Analytic Time-Technological Long Run

    The chronological time needed for the technology to respond to modifications in profit opportunities (that is, the technological long run, also termed as super long run or temporal long run) is: (1) Longer than analytical long run for firm. (2) Shorter than market per

  • Q : Measurement of below poverty line Below

    Below the poverty line the proportion of the U.S. population is: (w) rises with upturns of the business cycle. (x) has declined, though somewhat erratically, over the past 50 years. (y) has been virtually eliminated by a vigorous “War on Poverty

  • Q : Economies of Scope exploitation I have

    I have a problem in economics on Economies of Scope exploitation. Please help me in the following question. A retailer providing multiple lines of clothes in a mall is attempting to exploit the economies of: (i) Scope. (ii) Structure. (iii) Scale. (iv) Information. (v

  • Q : Net income by negative income tax Under

    Under the negative income tax system demonstrated in this figure, a family of four along with no earned income would have a net after-tax income of: (1) $15,000 per year. (2) $10,000 per year. (3) $5,000 per year. (4) $2,500 per year. (5) $0 per year.

  • Q : Opinion about kinked demand curve model

    George Stigler concluded which the kinked demand curve model is incorrect to the extent that this depends on: (w) marginal cost pricing. (x) pure competition. (y) interdependent decision making.  (z) sticky prices.

  • Q : Problem on production costs I have a

    I have a problem in economics on Problem on production costs. Please help me in the following question. From the viewpoint of sellers, the market demand for the good mainly based least on: (i) Consumer preferences and tastes. (ii) Income and its distr

  • Q : Relative profitability and efficiencies

    From around 1890 until 1970 year, the “structure-conduct-performance paradigm” dominated theories concerning how firms behave in various types of markets. Here the word “performance” in this context consider to things as: (i) d

  • Q : Describe the wave of mergers in the

    Describe the wave of mergers in the banking industry?Many economic factors have caused banking institutions to merge over the past various years. What are these factors comprise Please explain breifly...

  • Q : Strategies of monopolistic competitors

    The strategies of monopolistic competitors invariably comprise: (1) industrial espionage. (2) predatory pricing. (3) product differentiation. (4) price-fixing. (5) cutthroat competition. I need a good answer on the