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 quotas. C. Taxing polluters will never help to protect the environment.
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 quotas.
C. Taxing polluters will never help to protect the environment.
The disagreement between these economists is most likely due to difference in values.
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