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Values significantly influence economists by shaping their perspectives on policy implications, the role of government, and the importance of equity versus efficiency. These differing values lead to the formation of distinct schools of thought, such as classical, Keynesian, and behavioral economics, each prioritizing different aspects of economic theory and practice. For instance, Keynesians emphasize the need for government intervention during economic downturns, reflecting a value placed on social welfare, while classical economists advocate for free markets, underscoring individual liberties and self-regulation. Ultimately, these values guide economists in their analyses and recommendations, contributing to the diversity of thought within the discipline.
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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.
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
Which three sources influence your values?
your friends something special for you!:D
What are some examples of consumer preferences that influence purchasing decisions?
Consumer preferences that influence purchasing decisions include brand loyalty, price sensitivity, product quality, convenience, and personal values.
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.
What is the difference parochial and secular school?
Parochial schools are affiliated with a specific religious organization and incorporate religious teachings into their curriculum, while secular schools are not affiliated with any religion and do not include religious teachings as part of their curriculum. Parochial schools usually have a religious influence in their mission and values, whereas secular schools are typically neutral in terms of religious beliefs.
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.
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?
What is the process by which schools pass a society core values from one generation to the next?
Cultural Transmission of Values
How do the various social science theories affect the functions of schools?
Social science theories such as functionalism, conflict theory, and symbolic interactionism shape how people perceive the purpose and operation of schools. For example, functionalism emphasizes the role of schools in transmitting societal values and preparing students for the workforce, while conflict theory highlights how schools can reproduce social inequalities. These theories influence educational policies, practices, and the overall function of schools in society.
What are the factors that influence sexual opinion?
Your values and how you see the world influence your sexual opinion.
How ones moral values affect one's sense of ethics?
Explain how one's moral values affect one's sense of ethics
The school role and influence on curriculum?
Schools play a vital role in shaping curriculum by selecting, organizing, and delivering content to meet educational goals. Schools influence curriculum through decisions on what subjects to teach, how to allocate resources, and how to implement teaching strategies. The curriculum reflects the school's values, priorities, and educational aims, impacting the learning experiences of students.
