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- 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…Is economics one of the most important in the world?To what extent should government influence the economy of a democracy such as the United States?
- Give an example of something that is an economic good for one person and a financial bad for someone else.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…Why are good policies and programs important in states?
- When you hear language like "serve the general good," it's reasonable to be concerned about personal liberty. The common good sounds eerily like socialism. Do you believe that the concept of the common good is socialist?How big is a billion?Do global cities widen the gap between the rich and the poor?