In Evaluating Policy Effectiveness, Economists Rely On

question 89

Multiple Choice

In evaluating policy effectiveness, economists rely on:

• A) positive analysis.
• B) normative analysis.
• C) both normative and positive analysis.
• D) Economists can never fully analyze any real-world policy effectiveness.

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Definitions:

Creditor Beneficiary

A third party who benefits from a contract made between two other parties because one of the primary parties owes a debt to the beneficiary.

Contract

A legally enforceable agreement between two or more parties that creates mutual obligations.

Promisor

The person or party who makes a promise or agrees to perform an action or fulfill an obligation under a contract.

Promisee

The individual or entity to whom a promise or commitment is made, typically in a contractual agreement.