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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 Rent ceilings reduce the quantity and quality of available housing. O Having a single income tax rate would improve economic performance. O Immigrants receive more in government benefits than they contribute in taxes.

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 Rent ceilings reduce the quantity and quality of available housing. O Having a single income tax rate would improve economic performance. O Immigrants receive more in government benefits than they contribute in taxes.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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8. Agreement and disagreement among economists Suppose that Rajiv, an economist from a university in Arizona, and Simone, an economist from a university in Massachusetts, are arguing over budget deficits. The following dialogue shows an excerpt from their debate: Simone: Most people recognize that the budget deficit has been rising considerably over the last century. We need to find the best course of action to remedy this situation. Rajiv: I believe that a cut in income tax rates would boost economic growth and raise tax revenue enough to reduce budget deficits. Simone: I actually feel that raising the top income tax rate would reduce the budget deficit more effectively. The disagreement between these economists is most likely due to differences between perception versus reality Despite their differences, with which proposition are two economis differences in values O Rent ceilings reduce the quantity and quality of available differences in scientific judgments O Having a single income tax rate would improve economi O Immigrants receive more in government benefits than they contribute in taxes.
Transcribed Image Text:8. Agreement and disagreement among economists Suppose that Rajiv, an economist from a university in Arizona, and Simone, an economist from a university in Massachusetts, are arguing over budget deficits. The following dialogue shows an excerpt from their debate: Simone: Most people recognize that the budget deficit has been rising considerably over the last century. We need to find the best course of action to remedy this situation. Rajiv: I believe that a cut in income tax rates would boost economic growth and raise tax revenue enough to reduce budget deficits. Simone: I actually feel that raising the top income tax rate would reduce the budget deficit more effectively. The disagreement between these economists is most likely due to differences between perception versus reality Despite their differences, with which proposition are two economis differences in values O Rent ceilings reduce the quantity and quality of available differences in scientific judgments O Having a single income tax rate would improve economi O Immigrants receive more in government benefits than they contribute in taxes.
8. Agreement and disagreement among economists Suppose that Rajiv, an economist from a university in Arizona, and Simone, an economist from a university in Massachusetts, are arguing ov deficits. The following dialogue shows an excerpt from their debate: Simone: Most people recognize that the budget deficit has been rising considerably over the last century. We need to find the best course of action to remedy this situation. Rajiv: I believe that a cut in income tax rates would boost economic growth and raise tax revenue enough to reduce budget deficits. Simone: I actually feel that raising the top income tax rate would reduce the budget deficit more effectively. 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? Rent ceilings reduce the quantity and quality of available housing. Having a single income tax rate would improve economic performance. O Immigrants receive more in government benefits than they contribute in taxes.
Transcribed Image Text:8. Agreement and disagreement among economists Suppose that Rajiv, an economist from a university in Arizona, and Simone, an economist from a university in Massachusetts, are arguing ov deficits. The following dialogue shows an excerpt from their debate: Simone: Most people recognize that the budget deficit has been rising considerably over the last century. We need to find the best course of action to remedy this situation. Rajiv: I believe that a cut in income tax rates would boost economic growth and raise tax revenue enough to reduce budget deficits. Simone: I actually feel that raising the top income tax rate would reduce the budget deficit more effectively. 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? Rent ceilings reduce the quantity and quality of available housing. Having a single income tax rate would improve economic performance. O Immigrants receive more in government benefits than they contribute in taxes.
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A budget deficit refers to the situation where the expenditure of a country is higher than its revenue. Sometimes budget deficit is good for the economy because it helps in economic growth and reduces unemployment in the economy. Sometimes it will create long-run problems like higher interest repayment and recessionary pressure etc.

 

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