To Argue That Economics Is a Partisan Policy Tool Means

question 113

Multiple Choice

To argue that economics is a partisan policy tool means that

• A)economics is being used without political considerations.
• B)part of the policy is based on economic analysis.
• C)economics is not always used objectively.
• D)economics is used objectively.
• E)economic analysis is always misleading.

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Definitions:

Production

The process of creating goods or services by combining labor, capital, and resources to meet consumer demand.

Bushels

A unit of volume that is used primarily in the United States to measure agricultural products such as grain.

Marginal Cost

The expense of fabricating another single unit of a product or service.

Average Variable Cost

The total variable costs of production divided by the quantity of output, showing the average cost of producing each unit excluding fixed costs.