When Do You Know an Economist Has Crossed the Line

question 25

Multiple Choice

When do you know an economist has crossed the line from scientist to policy adviser?

• A) when he explains just the facts
• B) when he makes positive statements
• C) when he makes normative statements
• D) when he cannot reach a conclusion

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Definitions:

Prestigious

Associated with high status, respect, or admiration awarded to people, institutions, or things based on their achievements, quality, or importance.

Labor Mobility

The ability of workers to move between jobs, regions, or industries to pursue employment opportunities.

Minimum Wage

The minimum wage is the lowest legal hourly pay that employers are allowed to compensate workers, aiming to protect employees from unduly low earnings.

Legislation

A set of laws and regulations enacted by governmental bodies.