Give an example of a positive statement and an example of a normative statement that somehow relates to your daily life. t Name three parts of government that regularly rely on advice from economists Why might economic advisers disagree about a question of policy?

Q: Why do economists sometimes offer conflicting advice to policymaker?

A: The economics is mainly theory-based and its principles and concept are based on assumptions which…

Q: Is there a need for the government to talk about Economics in layman's term? Justify and explain.

A: Government. in general, is known as the authority that is meant to make major decisions regarding…

Q: what are the examples of every college student in their decision (could range from small matters to…

A: College students consist of those populations whose main objective is to learn and improve skills…

Q: A universal basic income would not only lift more than 3.2 million Canadians out of poverty, it…

A: Positive Statements are those which are based on facts and figures.  Normative Statements are those…

Q: 1. What does economist and EconTalk host Russ Roberts think is “single deepest contribution of…

A: An economist is a specialist who investigates how a society's resources affect its output or…

Q: Why do we formulate policy?

A: A policy is a set of principles intended to direct decisions and produce objective outcomes. A…

Q: . What is the relationship of policy and decision making?

A: "Policy analysis is client-oriented counsel influenced by societal ideals that is applicable to…

Q: In your personal point of view, what impact, do you think, does economics have on government policy?…

A: The economics as a study is based upon the basic idea of the scarcity, which results because of the…

Q: Can bring an example of a macronomics issue versus a microeconomics one?

A: Microeconomics is the study of economics of a country at a micro level, where behavior of…

Q: Why Economics is imporant for ordinary people to know who doesn't have any background about it?

A: The wants and desires of the individuals are unlimited. The resources to satisfy these wants are…

Q: 4. Who expressed the view that 'Economics should be neutral between ends'?

A: To find : Who expressed above statement.

Q: A. In “The New Abolitionism,” Chris Hayes’ primary point is that:   The sum of wealth that must be…

A: Wealth alludes to the abundance of important resources or assets that an individual, household,…

Q: Which three key questions do economists try to answer?

A: Economists try to solve various problems existing in the economy.

Q: What do you understand the term “argument” to mean? Give one or more examples of arguments in…

A: The argument is a term used to define coherent series of statements, facts, or reasons that are…

Q: What three institutions influence economics the most? Explain how each influences economics and…

A: Economics is referred as a social science. The word 'Economics' is originated from the GREEK word…

Q: 2. Highlight for the answer: for each (a- d) statement as Positive/Normative. a. The price of…

A: The economics is the study of society and the individuals. It shows how the people earn their…

Q: According to standard economic theory which is true?   a. Choices people make, including the…

A: *Answer:

Q: Social scientists: want models that loo exactly like the real world O dont like to make predictions…

A: Social scientists look at every element of society, from historical events and achievements to…

Q: Is the economic model of decision-making intended as a literal description of how individuals,…

A: Under various conditions and circumstances, people, businesses, and governments have to make…

Q: 1. Why do we have markets and, according to economists, what roles should government play in them?

A: We have markets because of the following reasons: To make a balance between Demand and supply of…

Q: Define Economics and its Types?

A: Economics is a branch of economics that examines human behavior with the objective of allocating…

Q: 1. How is economics a science? 2. Why do economists make assumptions?

A: 1)Economics is a social science, which is related to the concept of governing and be based on the…

Q: Do economists have a role in policymaking on non-economic topics?

A: Economists are professionals who study how individuals, organizations, and societies make choices…

Q: what role do economic ideas play in policy making??

A: Policy making is a decisive role of the government where it sets some policies in order to control…

Q: How relevant is economics in our everyday lives?

A: Economics is very important and useful to study to make it applicable in our daily lives. There are…

Q: What is the difference between disagreeing abouta positive statement and disagreeing about a…

A: Economics refer to the study of allocation of scarce resources in the most optimal way, when the…

Q: What is the interrelationships between economics and law?

A: "ECONOMICS AND LAW ARE INTERRELATED"......it can be explained with the help of following: Economics…