When Economists Make Normative Statements,they Are

question 163

Multiple Choice

When economists make normative statements,they are

• A)speaking as scientists.
• B)speaking as policy advisers.
• C)adhering very strictly to basic economic principles.
• D)revealing that they are very conservative in their views of how the world works.

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Definitions:

Confidence Level

A measure of certainty in statistical analysis that a parameter lies within a specific range of values.

Flashbulb Memory

Highly detailed, exceptionally vivid 'snapshot' of the moment and circumstances in which a piece of surprising and consequential news was heard.

Accuracy Trust

The degree of confidence in the accuracy of a source or information.

Retroactive Interference

A phenomenon in which subsequently learned material lowers the probability of recalling earlier learned material.