Why Did George Bernard Shaw, Among Others, Criticize Economists

question 143

Multiple Choice

Why did George Bernard Shaw, among others, criticize economists?

• A) because they have too much influence over government decisions
• B) because many ideas are too theoretical and therefore do not work in "real life"
• C) because they tend to speak a different language, causing most people to not understand them
• D) because they seem to give conflicting advice to policymakers

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Definitions:

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life.

Accumulated Depreciation

Accumulated depreciation represents the total amount of depreciation expense that has been recorded against a fixed asset since it was acquired, reducing its book value on the balance sheet.

Operating Activities

Business activities that relate directly to the production, sale, and delivery of a company's products and services.

Depreciation

The process of allocating the cost of buildings and equipment (but not land) over their productive lives using a systematic and rational method