Question
Give the correct answer with detailed explanation .don't copy from internet.. Which of the following statements regarding the orthodox economy are correct ? I )
Give the correct answer with detailed explanation.don't copy from internet..
Which of the following statements regarding the orthodox economy are correct ?
I ) Real economic variables are determined within the real sector of the economy.In other words , money is amounted(*) to be neutral .
II ) In general, orthodox economists tend to give governments a greater role in the economy and believe that government must persistently intervene in the amrket mechanism.
III ) According to orthodox economics 'homo economicus' concept , rational individuals are utiliy maximizes and only look after for their own interests.
IV ) Orthodox economics put equal value on both the dicipline 's positive and normative aspects.
V ) Money functions only as a medium of exchange and a mesaure of value enhancing the efficient functioning of the economy.
A ) II,III,IV B ) I,IV,V C ) I,III,IV,V D ) I,III,IV E ) I,II,IV,V
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