You Know an Economist Has Crossed the Line from Scientist

question 245

Multiple Choice

You know an economist has crossed the line from scientist to policy adviser when he or she

• A)claims that the problem at hand is widely misunderstood by non-economists.
• B)talks about the evidence.
• C)makes normative statements.
• D)makes positive statements.

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Definitions:

Government

A system or group of people governing an organized community, often a state.

Tax System

The legal framework and set of rules governing how taxes are collected and managed by a governing authority.

Incentivize

To provide incentives or motivations to encourage specific behaviors or actions.

Accrual

Accrual is an accounting method where revenues and expenses are recorded when they are earned or incurred, regardless of when cash is exchanged.