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8. Agreement and disagreement among economists Suppose that Raphael, an economist from a business administration program in Georgia, and Susan, another economist from a nonprofit institution in the Midwest, are both guests on a popular science podcast. The host of the podcast is facilitating their debate over government intervention. The following dialogue represents a portion of the transcript of their discussion: Susan: The usefulness of government intervention in the economy is a long-standing issue that economists continue to debate. Raphael: I feel that government involvement in the economy should be reduced because government programs cause more harm than good. Susan: 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 in values Despite their differences, with which proposition are two economists chosen at random most likely to agree?…

Suppose that Jacques, an economist from a university in Arizona, and Kyoko, an economist from a school of industrial relations, are arguing over government intervention. The following dialogue shows an excerpt from their debate: Kyoko: The usefulness of government intervention in the economy is a long-standing issue that economists continue to debate. Jacques: I feel that government involvement in the economy should be reduced because government programs cause more harm than good. Kyoko: 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 Despite their differences, with which proposition are two economis differences in values differences between perception versus reality O Central banks should focus more on maintaining low une differences in scientific judgments O Business managers can raise profit more easily by reduc O Employers should not be…

8. Agreement and disagreement among economists Suppose that Kenji, an economist from a business school in Georgia, and Lucia, an economist from a public television program, are arguing over government intervention. The following dialogue shows an excerpt from their debate: Lucia: The usefulness of government intervention in the economy is a long-standing issue that economists continue to debate. Kenji: I feel that government involvement in the economy should be reduced because government programs cause more harm than good. Lucia: 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 Despite their differences, with which proposition are two economists chosen at random most likely to agree? O Tariffs and import quotas generally reduce economic welfare.

Suppose that Gilberto, an economist from a business school in Georgia, and Juanita, an economist from a university in Massachusetts, are arguing over government intervention. The following dialogue shows an excerpt from their debate: JUANITA: The usefulness of government intervention in the economy is a long-standing issue that economists continue to debate.   GILBERTO: I feel that government involvement in the economy should be reduced because government programs cause more harm than good.   JUANITA: While I 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 _____________ (options: differences in values, imperfect information).   Despite their differences, with which proposition are two economists chosen at random most likely to agree? A. Rent controls will only add value to housing in a city. B. Free trade is usually preferable to the erection of tariffs and…

During the Trump Presidency the administration sought to reduce the research budget of many federal agencies including the National Institutes of Health. Bloomberg reported: President Donald Trump is proposing big cuts to biomedical research as part of a budget to reduce discretionary spending at the Department of Health and Human Services by 23 percent -- a move likely to provoke outcry from lawmakers, research groups, drugmakers and patients. The proposal would cut the budget of the National Institutes of Health -- which conduct and fund medical research by $5.8 billion, or about 18 percent from 2017 levels. The Office of Management and Budget called the change "a major reorganization of NIH's institutes and centers to help focus resources on the highest priority research and training activities." "We believe that this cut is dead on arrival on Capitol Hill," said Spencer Perlman, an analyst at Veda Partners. Democrats and Republicans have in the past supported the research agency…

Income tax is an example of

Briefly discuss two justifications for government intervention in the economy.

When asked "What is the most urgent question in economics?", most economists disagree on what is most important. many economists mentioned something related to inequality. many economists mentioned something about forecasting business cycles. many economists emphasized the importance of knowing how firms can maximize profits.

Briefly explain the main macroeconomic aims of government policy?

Briefly discuss multiplue government interventions in the market that you would consider an intervention that, is not worth the loss of efficiency (deadweight loss) in the economy.

Goodmorning

Economics Explain Biden's education expansion proposal. What economic justification does this proposal rely on? What evidence supports his proposal? Suppose Biden's proposal passes, show what the proposal would do to the budget constraint of families with children in the education system. Using your graph, would this proposal have any impact on schools.

What is institutional economics?

Senator Ernest Hollings once wrote that "consumers do not benefit from lower-priced imports. Glance through some mail-order catalogs and you'll see that consumers pay exactly the same price for clothing whether it is U.S.-made or imported."Is the statement that the Senator made a true statement or a false statement?  True  False

Don't copy paste

A tax policy analyst proposes that we should eliminate exemptions from taxes on food andmedicine (i.e., we should start taxing these goods) because taxes on these goods would be anefficient way to raise revenue.a. What do you think the analyst means when she says that taxing these items would bean efficient way to raise revenue?                 b. Is the analyst correct that taxing food and medicine would be an efficient way to raiserevenue? Draw a diagram to help explain. Hint: Think about the demand curve for thesegoods.c. Why might there be little political support for such a policy

One of the things that Theodore Roosevelt tried to do, both as a President, and later, as a presidential candidate, was to define the role of the federal government. A big piece of the puzzle was to determine the way that the federal government would relate to big business, particularly big business serving a public function. In Europe, many national governments chose to take ownership of some businesses, particularly railroads and public utilities. Roosevelt had a different take on the role of the federal government of the United States. What role did Roosevelt think was proper for the federal government, and why?

Q.4 Microeconomics How incentives affect people’s behavior. The question: Does the seat belt law make people safer? You might talk about the role of incentives. The word "safer" meaning more safe is correct. In the most general terms, an incentive is anything that motivates a person to do something. When we're talking about economics, the definition becomes a bit narrower: Economic incentives are financial motivations for people to take certain actions. However, the discussion is focused on seat belt law and what are incentives surrounding it.

can you give me a brief explanation on why this passage is an economic motivator?

Hello. Could someone explain to me how demand and supply works in economics

what are the four structures in  economics

Statement 1: "A consultant from the 'happy is productive' school of thought tends to approach business problems by examining the background of employees and then either constructing different arguments for people from different backgrounds to persuade them be more productive; or recommend firing employees from backgrounds that might make them unproductive." Statement 2: "A consultant from the 'good citizen' school of thought when faced with the possibility of cheating on an exam might try to reduce cheating by pointing out that most students don't cheat and doing it the honest way isn't that difficult." O Statement 2 is true, and 1 is false Both statements are true Statement 1 is true, but 2 is false Both statements are false.

Briefly discuss a government intervention in the market that you would considered as necessary, or an intervention that, is not worth the loss of efficiency (deadweight loss) in the economy.

What Are the Advantages and Disadvantages of Policies?