Suppose that Shen, an economist from a consulting firm, and Valerie, 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 health insurance. The following dialogue represents a portion of the transcript of their discussion:
Suppose that Shen, an economist from a consulting firm, and Valerie, 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 health insurance. The following dialogue represents a portion of the transcript of their discussion:
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:8. Agreement and disagreement among economists
Suppose that Shen, an economist from a consulting firm, and Valerie, 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 health insurance. The following dialogue represents a portion of
the transcript of their discussion:
Valerie: A popular topic for debate among politicians as well as economists is the idea of providing government assistance for health
benefits.
Shen: I think it is oppressive for the government to tax people who take care of themselves in order to pay for health insurance for
those who are obese.
Valerie: I disagree. I think government funding of health insurance is useful to ensure basic fairness.
Transcribed Image Text: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?
Minimum wage laws do more to harm low-skilled workers than help them.
Lawyers make up an excessive percentage of elected officials.
Tariffs and import quotas generally reduce economic welfare.
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