8. Agreement and disagreement among economists Suppose that Tim, an economist fr

Question

8. Agreement and disagreement among economists Suppose that Tim, an economist from a research institute in Texas, and Alyssa, an economist from a public television program, are arguing over health insurance. The following dialogue shows an excerpt from their debate: Alyssa: A popular topic for debate among politicians as well as economists is the idea of providing government assistance for health benefits. Tim: 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. Alyssa: I disagree. I think government funding of health insurance is useful to ensure basic fairness. 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? Tariffs and import quotas generally reduce economic welfare O Minimum wage laws do more to harm low-skilled workers than help them. O Lawyers make up an excessive percentage of elected officials.

Explanation / Answer

Answer : The disagreement between the economist is due to differences in the value because as per Alysa it is better for government to used there funding as for the fairness program.It is related to fairness concept of health insurance.

Despite the difference , tariff and import quotas generally reduced economic welfare. Both tariff and import quotas decreases as well as quantity of import, increase domestic price of the good and decreases welfare of the good.

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