Problem of Economic Policies and Normative Economics

Hello guys I want your opinion. Please recommend your view for given Economic Policies and Normative Economics problems.

Disagreements in between economists about economic policies most commonly occur from differences within their: (i) intelligence and socioeconomic backgrounds. (ii) perspectives upon the efficiency of governmental decision-making. (iii) access to data regarding policy-relevant variables. (iv) value judgments. (v) academic and aptitude training.

View Complete Question

Related Questions in Public Economics

Q : Production-possibility curve of a

By using a curve analogous to the production-possibility curve, choices among government policy objectives could be exhibited by: (1) Moving all along the curve. (2) Shifting the curve down. (3) Shifting the curve up. (4) Comparing a point beneath the curve with one a

Q : Illustration of a positive scientific

An illustration of a positive scientific statement would be which college graduates who: (i) create higher incomes than high school drop outs deserve that higher income. (ii) charge victims of hurricanes as well as other natural disasters outrageous prices must be sho

Q : Economic capital and recipes for

The knowledge embodied within economic capital and the “recipes” people make use of to combine materials, energy and other resources therefore production happens are commonly considered to as which one: (i) The production function, (ii) Ca

Q : Define the term Prices in prices and

Prices are: (w) used to ration free goods and resources. (x) zero for several scarce goods and resources. (y) the merely efficient way to assign luxury goods. (z) one mechanism for rationing scarce goods and resources.

Q : Example of wasted water in inefficiency

Why do people usually assume that water run on sidewalks and within the street while they water their lawns? Is that wasted water a symbol of inefficiency?

Q : Limitations of economic resources Hey

Hey friends please give your opinion for the problem of economic resources that is given below: Resources (factors of production) do NOT comprise: (i) entrepreneurship. (ii) competition. (iii) land. (iv) capital. (

Q : Knowing the Property Rights Fee-simple

Fee-simple property rights comprise the right to: (1) Demolish things you own, sell them, or confer them away. (2) Duplicate a copyrighted work by paying the small fee. (3) Picnic in such publicly-owned facilities like national parks. (4) Employ

Q : Relative market prices and ratios of

Jeremy Bentham would have been least familiar along with the concept such that: (1) criminals must be punished proportionally to the harm completed to society, without consideration of intention, remorse or motive. (2) consumers are in equilibrium whe

Q : Erroneous analysis LEAST attributable

The erroneous analysis that economists seldom agree is LEAST attributable to the fact such that economists are: (w) acquire little media coverage while they agree, when disputes about how economic theory must be translated in policy a

Q : Uses of a theory in economic analysis

To be helpful in economic analysis, a theory should produce: (w) Realistic assumptions. (x) A consensus in between scientists. (y) Results which is not possible to disprove. (z) Predictions supported through real world data.

Discover Q & A

Leading Solution Library

Avail More Than 1451875 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1923373
Asked

3,689

Active Tutors

1451875

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment