Economists Are Often Perceived as Disagreeing with Each Other

question 129

Multiple Choice

Economists are often perceived as disagreeing with each other.Is this the way things really are?

• A)No, economists agree on much more than is commonly supposed.
• B)No, the problem is that some economists are smarter than others.
• C)No, economists "stage" disagreements for public amusement.
• D)Yes, economists rarely agree on much of anything.
• E)Yes, economists are unable to analyze problems dispassionately.

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Definitions:

Total Collection Time

The total amount of time taken to collect payments from customers from the point of sale to the actual receipt of funds.

Customer Cheques

Checks written by customers to pay for goods or services.

Monthly Statements

Financial reports that are issued at the end of each month detailing the financial activities, such as income and expenses, over the course of that month.

Collection Time

The standard timeframe a business needs to obtain amounts owed by its customers.