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An economist plays two roles: scientist and policy advisor. As scientists, economists explain the world, and as policy advisors they help improve the world. Because these two roles have different goals, they require different types of language. Economists as scientists make positive claims, whereas economists as policy advisors make normative claims.
In your initial post, begin by briefly introducing yourself, including your program of study and career interests. Then address the following:
Explain the difference between positive and normative analysis.
Provide an example of a normative statement or an example of a positive statement from a recent news story.
Select two or more initial posts that contain different current news examples (normative versus positive), and contrast your example with those of your peers. What makes the examples different? How do those differences relate to the different roles that an economist plays as a scientist and policy advisor?
From the e-Activity, explain what you learned about the Website you selected by looking at the source code.
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For product A, a 10% increase in investment increases the quantity sold by 5% whereas for product B, a 10% increase in investment increase quantity
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What is the full capacity intensity ratio if the firm is currently operating at a 68 percent capacity?
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Explore the themes from classic management theories (bureaucracy, scientific management, universal management principles, etc.) are utilized with an empowerment
At which point in the decision-modeling approach would you be able to determine if your best choice of solutions would be a probabilistic model?
There are different element which make these leaders to attract others. They include the following presence, regal bearing, manner, finesse, enigma, diplomacy and lastly allure.
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