Suppose Two Economists Agree About Who Would Be Helped or Hurt

question 85

Multiple Choice

Suppose two economists agree about who would be helped or hurt by certain legislation,but disagree about whether the legislation would be a good idea.These disagreements

• A) are positive in nature
• B) are minor and rarely lead to different policies or conclusions
• C) are normative in nature
• D) occur as the result of a mistake made by an economist
• E) occur because economic models are more complex,and subject to error,than the real world

Recognize the importance and methods of connecting to the Internet, including wireless access.

Identify the roles of professionals in the field of technology, specifically software developers.

Identify different types of computer and mobile device hardware components and their functions.

Understand the basic concepts of digital storage options including cloud storage.

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Definitions:

Ledger

A book or electronic record used to record all of a company's financial transactions in chronological order.

T-account

A graphical representation used in accounting to illustrate the effects of transactions on account balances, with debits on the left and credits on the right.

Credit

A financial term denoting the ability to obtain goods or services before payment, based on the trust that payment will be made in the future.

Asset Accounts

Accounts that represent the different types of economic resources owned or controlled by a business, such as cash, inventory, and equipment.