Suppose Two Economists Disagree About Who Would Be Helped or Hurt

question 87

Multiple Choice

Suppose two economists disagree about who would be helped or hurt by certain legislation.These disagreements

• A) are positive in nature
• B) are minor and rarely lead to different policies or conclusions
• C) are normative in nature
• D) occur as the result of a mistake made by an economist
• E) occur because economic models are more complex,and subject to error,than the real world

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Definitions:

Leptokurtic

A distribution of values that is peaked or high relative to the normal curve. Values in such a distribution have a narrower range.

Monokurtic

Describing a distribution that has kurtosis similar to that of a normal distribution, indicating the data has moderate outliers or none, and the peak of the distribution is neither flat nor too sharp.

Standard Error

For a sampling distribution (the distribution of scores for a sample), the standard deviation is called the standard error.

Positive Skew

A distribution pattern in data where the tail on the right side of the histogram is longer or fatter than the left side, indicating that the majority of data points lie to the left of the mode.