What Type of Questions Can Be Answered with Economic Tools

question 29

Multiple Choice

What type of questions can be answered with economic tools without interjecting any value judgment as to whether the particular outcome is desirable or harmful?

• A)Normative questions.
• B)Positive questions.
• C)Labor questions.
• D)Econometric questions.
• E)Public policy questions.

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Definitions:

Private Employment Agencies

Organizations that match job seekers with potential employers, usually for a fee.

Illegal

Activities or actions that are forbidden by law and subject to legal sanctions.

Regulated

Controlled or governed by rules, laws, or standards set by authoritative bodies to ensure compliance and protection of public interests.

Budget

An estimation of income and expenditure for a set period of time, often used for planning and controlling financial resources.