When Economists Say That Policy a Is More Efficient Than

question 2

True/False

When economists say that policy A is more efficient than policy B, they mean policy A is better than policy B.

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Definitions:

Evidence

Evidence refers to information, facts, or data presented to support a claim, assertion, or hypothesis.

Generalization

A broad statement or conclusion that applies to many instances, derived from specific cases.

Positive Instance

An item that belongs to a given class and possesses the trait attributed to the class by a given generalization.

Negative Instance

An item that belongs to a given class and does not possess the trait attributed to the class by a given generalization.