One Reason Why Economists Often Appear to Disagree When Asked

question 72

Multiple Choice

One reason why economists often appear to disagree when asked about the impact of some bad economic news is that

• A) they do not understand the economy very well
• B) economics is a very difficult science,and so there are many incorrect economic projections being made
• C) economists rarely disagree;people just think they are disagreeing because they do not understand the language of economics
• D) economists often appear to be disagreeing when one is talking about long-run impact while the other is referring to short-run impacts
• E) economists are by nature competitive individuals and they often disagree

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Definitions:

Part Performance

An equitable doctrine allowing a court to enforce an oral contract, despite statutory requirements for it to be in writing, based on actions taken in reliance on the contract.

Land

The surface of the earth, extending downward to the center and upward indefinitely into the airspace, including natural resources and physical features.

Acceptable

Deemed satisfactory or permissible by a given standard or authority.

Acreage

The measurement of land area in acres, often used in real estate and land management.