Answer to Question 1:
The function of Political Economy Analysis is to produce a decision as to
the best way to run economic policy? True or False: Explain your answer?
The statement is false! While personal opinions may be generated by
thinking about Political Economy, the function of analysis is to
develope an understanding of how the system actually works in generating
political decisions as to appropriate economic policy. All analysis in
Social Science must have a scientific basis even though some skeptical
observers may be irritated by what is perceived as a scientific pretension.
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