Propositions and predictions about the world

Assignment Help Business Economics

Reference no: EM13859932

In evaluating the accuracy of their statements, should one distinguish between (i) economist’s descriptive statements, propositions, and predictions about the world, and (ii) their statements about what policies should be adopted. Explain in detail

Reference no: EM13859932

Questions Cloud

Net social benefits are maximized when : Net social benefits are maximized when:

Public in their roles as workers-consumers and taxpayers : When medical care is reimbursed through employer provided insurance whose welfare is ultimately affected when cost of medical care rises: the owners of the firm that pays the premiums, the government whose revenues are reduced because insurance benef..

Calculate the present worth of the fuel cost : The cost of fuel for a smelting operation are expected to be $50000 in year three,$52500 in year four and amounts decreasing by 5% per year after through year ten. at interest rate of 8% per year, calculate the present worth of the fuel cost.

Costs for maintenance of buildings at industrial complex : Costs for maintenance of buildings at an industrial complex are expected to be $2000 in year three, $2500 in year four and amounts decreasing by $200 per year thereafter through year nine. at an interest rate of 10% per year, calculate the present wo..

Propositions and predictions about the world : In evaluating the accuracy of their statements, should one distinguish between (i) economist’s descriptive statements, propositions, and predictions about the world, and (ii) their statements about what policies should be adopted. Explain in detail

Expedited payments : Recently, a bank was trying to decide what fee to charge for "expedited payments"—payments that the bank would transmit at a faster speed to enable customers to avoid late fees on cable TV bills, electric bills, and the like.

Suffering from underemployment-excessive account deficit : U.S. is currently suffering from underemployment and excessive current account deficit. a) What measures can U.S. take to move away from its present situation towards internal and external balance? Consider rules of Bretton Woods and policy tools. b)..

Typically the government-nominal rate of interest : If inflation falls from 5% to 3% to 1.3% it is sometimes called. Typically the government: If the nominal rate of interest is 8 percent and the inflation rate is 3 percent, then the real rate of interest is: The unemployment rate is the percent of t..

Cause movement along the demand curve for cereal : Complete the following table by indicating whether an event will cause a movement along the demand curve for cereal or a shift of the demand curve for cereal, holding all else constant. A decrease in the price of cereal (Movement Along or Shift?)

User Account

All Pages