Economics Is the Only Science Concerned with Politically Controversial Subjects.
Economics is the only science concerned with politically controversial subjects.
For policy decisions to be useful,
A) political issues need to be taken into consideration along with economic issues.
B) economics is the only factor for consideration.
C) economics usually is of little help.
D) economic analysis is seldom sought.
E) economic data must be falsified.
Considering the role government plays, what term best describes the U.S. economy? Why?
Using gasoline prices as an example, explain what a normative statement is and what a positive statement is.