If Two Economists Completely Agree About the Magnitude of Employment

question 36

Multiple Choice

If two economists completely agree about the magnitude of employment effects of a proposed change in government policy,but disagree about whether the change is a good idea.The difference in opinion

• A) must be normative in nature
• B) is both positive and normative in nature
• C) is more likely to be normative than positive
• D) is more likely to be positive than normative
• E) would be neither positive nor normative in nature

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Definitions:

Drawer

In the context of banking and finance, a drawer is the person who writes or issues a check, directing a bank to pay the stated amount from the drawer's account.

Payee

The individual or entity to whom money is payable or is meant to be paid, typically named in financial documents like checks or promissory notes.

Certification

Of a cheque, an understanding by a bank to pay the amount of a cheque on presentation.

Endorsement

The act of signing one's name on the back of a check or other negotiable instrument or the addition of a provision to an insurance policy, altering its coverage.