1. What does economist and EconTalk host Russ Roberts think is “single deepest contribution of economics” (Roberts, 2014)? Group of answer choices a. Thinking clearly about the complex interaction of individual actions leading to unintended patterns of predictable and orderly outcomes. b. Thinking clearly about how the government can best design policies that will maximize household incomes and corporate profits. c. Thinking clearly about how we can maximize consumer welfare through the use of various price controls to benefit certain aspects of the market. d. None of the above are correct.
1. What does economist and EconTalk host Russ Roberts think is “single deepest contribution of economics” (Roberts, 2014)? Group of answer choices a. Thinking clearly about the complex interaction of individual actions leading to unintended patterns of predictable and orderly outcomes. b. Thinking clearly about how the government can best design policies that will maximize household incomes and corporate profits. c. Thinking clearly about how we can maximize consumer welfare through the use of various price controls to benefit certain aspects of the market. d. None of the above are correct.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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1. What does economist and EconTalk host Russ Roberts think is “single deepest contribution of economics” (Roberts, 2014)?
Group of answer choices
a. Thinking clearly about the complex interaction of individual actions leading to unintended patterns of predictable and orderly outcomes.
b. Thinking clearly about how the government can best design policies that will maximize household incomes and corporate profits.
c. Thinking clearly about how we can maximize consumer welfare through the use of various price controls to benefit certain aspects of the market.
d. None of the above are correct.
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