Even If Economic Theory Is Based on Positive Analysis,economists May

question 95

Multiple Choice

Even if economic theory is based on positive analysis,economists may still disagree with each other because

• A) economists tend to have excessive self-interest
• B) they ignore politics
• C) they are opinionated
• D) they may have different values,like everyone else
• E) they try to be right all the time

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Definitions:

Tax Cut

A reduction in the rate of taxes imposed by the government.

Government Contract

A legal agreement between a government entity and a private company for goods or services, often involving specific regulatory requirements.

Company Fraud

Illegal activities conducted by a company or its representatives, intended to deceive investors, authorities, or the public for financial gain.

CAPM

The Capital Asset Pricing Model, a theoretical framework used to determine the expected return on an investment based on its risk in comparison to the market.