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:

Environmental Scan

The process of collecting, analyzing, and using information about external influences and trends to aid strategic planning.

Organizational Culture

Represents the collective values, beliefs, and principles of organizational members that shapes their behaviors and interactions.

Motivating Employees

The process of inspiring staff to perform at their best through incentives, positive reinforcement, meaningful work, and supportive leadership.

Human Resource Audit

An examination of the human resource policies, practices, and systems of a firm (or division) to eliminate deficiencies and improve ways to achieve goals.