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Q: Explain how values influence economists and help group them into schools?
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When economists use market values to aggregate output they sum the what?

price times the quantity of each item produced


Why don't economists agree on the same solutions to economic problems?

There are two main reasons that economists disagree when giving opinions to solve economic problems. Here are prime examples: * Economists do not come to the same conclusions when determining the validity of alternative assumptions of how the world's economy operates. With that said, their views of the sensitivity and impact of household savings to the resulting changes in the after tax return to saving; and * Economists work from different values. ( the prime example here is how an economist in the former USSR had different values than one in the United States) The two economists have different views about what policy should try to accomplish. So, they can have a fundamental differences of whether taxes should be raised for the redistribution of income.


Which three sources influence your values?

your friends something special for you!:D


What are two reasons why economists have a reputation for giving conflicting advice to policymakers?

Economists often give conflicting advice to policy makers for two basic reasons: 1) economists may disagree about the validity of alternative positive theories about how the world works and/or 2) economists may have different values and therefore different normative views about what policy should try to accomplish


Can someone explain the currency value from the UK to that of the US?

The exchange rate changes every day. You'll need to check a site such as www.xe.com for the latest values.

Related questions

Does culture influence values or values influence culture?

Culture influences values by shaping individuals' beliefs, norms, and behaviors. Values are embedded within culture and are passed down through generations, influencing how individuals perceive the world and interact with others. These shared values ultimately help define a society's culture.


When economists use market values to aggregate output they sum the what?

price times the quantity of each item produced


What values did acdc influence on Australia?

me


What do values influence?

Attitudes and Appearances


How does a man form his values?

Everything that we experience in the course of our lives has an influence on our values. The greatest single influence is usually our parents or guardians.


How do values and attitudes influence behaviors?

Values and attitudes serve as internal motivators that shape our decisions and actions. Our values guide what we believe is important or desirable, while our attitudes reflect our feelings and evaluations toward something. Together, they influence our behaviors by directing our choices and guiding how we interact with the world around us.


What are the factors that influence sexual opinion?

Your values and how you see the world influence your sexual opinion.


The difference between book values and market values on the balance sheet and explain which is more important to the financial managers and why?

Discuss the difference between book values and market values on the balance sheet and explain which is more important to the financial manager and why?


Why don't economists agree on the same solutions to economic problems?

There are two main reasons that economists disagree when giving opinions to solve economic problems. Here are prime examples: * Economists do not come to the same conclusions when determining the validity of alternative assumptions of how the world's economy operates. With that said, their views of the sensitivity and impact of household savings to the resulting changes in the after tax return to saving; and * Economists work from different values. ( the prime example here is how an economist in the former USSR had different values than one in the United States) The two economists have different views about what policy should try to accomplish. So, they can have a fundamental differences of whether taxes should be raised for the redistribution of income.


What is the process by which schools pass a society core values from one generation to the next?

Cultural Transmission of Values


What is the process by which schools pass a society's core values from one generation to the next?

Cultural Transmission of Values


How do people's values influence their beliefs about social programs and taxation?

People's values influence their beliefs about social programs and taxation in that they either find it necessary to support the programs or oppose them