Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 2 - Part I - Thinking Like an Economist - Questions for Review: 10

Answer

a) Economists may disagree with accepted economic theories and models b) Economists may have different values or priorities

Work Step by Step

a) causes an economist to disagree with a positive statement, such as the statement that two economic factors are connected. b) causes economists to favor different normative statements, as different economists prioritize different concerns and issues within the economy.
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