Two Economists, Adam and Joan, Are Discussing the Possibility of Substantially

question 46

Multiple Choice

Two economists, Adam and Joan, are discussing the possibility of substantially reforming the current federal tax system. Adam thinks the current system is fine but Joan is in favour of reform. Which of the following is the LEAST likely explanation for the disagreement?

• A)Adam is a positive economist and Joan is a normative economist.
• B)Adam and Joan have different positive views about the effect of changing the tax system.
• C)Adam and Joan have different values, and so have different normative views about policy.
• D)Adam is better off under the current system and Joan would be better off if the reforms were implemented.

Recognize the importance of presentation and communication in crowdfunding campaigns, including the role of video pitches and clear product descriptions.

Acknowledge the challenges and solutions related to product delivery timelines in crowdfunding projects.

Understand the role and benefits of preparing and seeking advice before starting a crowdfunding campaign.

Grasp the importance of the financial arrangement clarity when borrowing from friends and family as it relates to crowdfunding.

---

Definitions:

Sherman Act

A foundational antitrust law enacted in 1890 to combat anti-competitive practices, reduce market monopolies, and preserve free competition in the United States economy.

Prohibited

Forbidden by law or policy.

Sherman Act

A foundational antitrust law in the United States enacted in 1890 that prohibits monopolistic practices and promotes competition.

Enacted

Refers to the action of making a bill or proposal into law following its approval by legislative authorities.