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Unformatted text preview: Doves = a lot of butter and few guns. d. Hawks would get a bigger peace dividend. 2 Figure 1 5. Cleanliness of environment on one axis; industrial output on another. The vertical intercept on “Cleanliness” would move out with no-emission engine. 6. a. microeconomics. b. microeconomics. c. macroeconomics. d. microeconomics. e. macroeconomics. 7. a. positive. b. positive. c. normative. 3 d. normative. e. positive. 8. Normative: 5, 9. Positive: all other. 9. M ore interested in their positive views. 10. There are many possible answers. 10. Most are not economists. It should matter for their understanding of what they do to the rest of us. 12. Probably less: as some policies are tried, effects will be observed and some disagreements settled. It’s unlikely that the differences will ever be completely eliminated....
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- Fall '08
- Economics, hawks, Production-possibility frontier, a. b. c., b. c. d.