7. Agreement and disagreement among economists
Suppose that Lorenzo, an economist from a research institute in Texas, and Neha, an economist from a nonprofit organization on the West Coast, are arguing over government intervention. The following dialogue shows an excerpt from their debate:
Neha: The usefulness of government intervention in the economy is a long-standing issue that economists continue to debate.
Lorenzo: I feel that government involvement in the economy should be reduced because government programs cause more harm than good.
Neha: While I do agree that government programs can be inefficient, I really think they are necessary to help the less fortunate.
The disagreement between these economists is most likely due to differences
A.) in perception versus reality.
B.) in value.
C.) in scientific judgment.
Despite their differences, with which proposition are two economists chosen at random most likely to agree?
A.) Lawyers make up an excessive percentage of elected officials.
B.) Tariffs and import quotas generally reduce economic welfare.
C.) Minimum wage laws do more to harm low-skilled workers than help them.
| 7. Agreement and disagreement among economists Suppose that Lorenzo, an economist from a research institute in Texas, and Neha, an economist from a nonprofit organization on the West Coast, are arguing over government intervention. The following dialogue shows an excerpt from their debate: Neha: The usefulness of government intervention in the economy is a long-standing issue that economists continue to debate. Lorenzo: I feel that government involvement in the economy should be reduced because government programs cause more harm than good. Neha: While I do agree that government programs can be inefficient, I really think they are necessary to help the less fortunate. The disagreement between these economists is most likely due to differences A.) in perception versus reality. B.) in value. C.) in scientific judgment. Despite their differences, with which proposition are two economists chosen at random most likely to agree? A.) Lawyers make up an excessive percentage of elected officials. B.) Tariffs and import quotas generally reduce economic welfare. C.) Minimum wage laws do more to harm low-skilled workers than help them. |
