Measurement Is Necessary in Economics to

question 53

Multiple Choice

Measurement is necessary in economics to

• A) construct diagrams depicting economic models.
• B) evaluate the predictions of economic models.
• C) help distinguish positive from normative statements.
• D) identify the tasks an economy must perform.
• E) construct mathematical models of the economy.

---

Definitions:

Upward Communication

Communication that begins in the organization and proceeds up the hierarchy to inform or influence others.

Jobholder Reports

Documents or summaries prepared by employees detailing their activities, accomplishments, and challenges faced during a specific period of employment.

In-House Newsletters

Periodic publications produced by organizations for their employees or members, often containing company news, updates, and information.

Employee Assistance Programs

Work-based intervention programs designed to identify and assist employees in resolving personal problems that may adversely affect their work performance, health, and well-being.