Which of the Following Explains Why Economists May Disagree Over

question 123

Multiple Choice

Which of the following explains why economists may disagree over positive issues?

• A) They have different beliefs and values.
• B) They examine the same data to draw their conclusions.
• C) They need to disagree in order to publish their research findings.
• D) They often employ different models and statistical techniques when examining data.
• E) Some work only on microeconomic issues,while others focus exclusively on macroeconomic issues.

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Definitions:

Petty Cash Fund

A small amount of cash kept on hand for minor or incidental expenses.

Cash Over and Short

An account used in cash management to record discrepancies between actual cash received and expected amounts, indicating either excess cash or a shortage.

Miscellaneous Revenue

Miscellaneous Revenue represents income received by a business from sources not related to its primary operations, such as sales of assets, interest, or one-time events.

Reconcile

The process of ensuring two sets of records (usually the balances of two accounts) are in agreement.