Suppose that Kevin, an economist from a university in Arizona, and Maria, an economist from a nonprofit organization on the West Coast, are arguing over government intervention.
The following dialogue shows an excerpt from their debate:
Maria: The usefulness of government intervention in the economy is a long-standing issue that economists continue to debate.
Kevin: I feel that government involvement in the economy should be reduced because government programs cause more harm than good.
1. The disagreement beDespite their differences, with which proposition are two economists chosen at random most likely to agree?
A) Employers should not be restricted from outsourcing work to foreign nations.
B) Central banks should focus more on maintaining low unemployment than on maintaining low inflation.
C) Business managers can raise profit more easily by reducing costs than by raising revenue.
Maria: While I do agree that government programs can be inefficient, I really think they are necessary to help the less fortunate.
2. The disagreement between these economists is most likely due to :
A) difference in scientific judgements B) differences in perception vs. reality C) differences in values
Thank you!
Suppose that Kevin, an economist from a university in Arizona, and Maria, an economist from a nonprofit organization on the West Coast, are arguing over government intervention.
The following dialogue shows an excerpt from their debate:
Maria: The usefulness of government intervention in the economy is a long-standing issue that economists continue to debate.
Kevin: I feel that government involvement in the economy should be reduced because government programs cause more harm than good.
1. The disagreement beDespite their differences, with which proposition are two economists chosen at random most likely to agree?
A) Employers should not be restricted from outsourcing work to foreign nations.
B) Central banks should focus more on maintaining low unemployment than on maintaining low inflation.
C) Business managers can raise profit more easily by reducing costs than by raising revenue.
Maria: While I do agree that government programs can be inefficient, I really think they are necessary to help the less fortunate.
2. The disagreement between these economists is most likely due to :
A) difference in scientific judgements B) differences in perception vs. reality C) differences in values
Thank you!
