Some Economists Develop Theories Concerning Policy Issues to

question 181

Multiple Choice

Some economists develop theories concerning policy issues to

• A)further their own political agendas.
• B)understand what happened in an earlier time period.
• C)describe current economic events.
• D)make sound recommendations about policy alternatives.
• E)help elect new government officials.

---

Definitions:

Fair Value

An estimate of the market value of an asset or liability, based on current conditions and willing parties' transactions.

Debt Investments

Investments made by purchasing debt instruments, such as bonds, where the investor becomes a creditor to the issuer.

Journal Entries

Recorded transactions in the accounting journal that show the financial activities of a company.

Marketable

Describes assets or securities that can easily be sold or converted into cash without a significant loss in value.