Options for The disagreement between these economists is most likely due to ____

Question

Options for The disagreement between these economists is most likely due to ___________________.

A) differences between perception versus reality  

B) differences in scientific judgment

C) differences in values

Suppose that Dmitri, an economist from an AM talk radio program, and Frances, an economist from a public television program, are arguing over government intervention. The following dialogue shows an excerpt from their debate: Frances: The usefulness of government intervention in the economy is a long-standing issue that economists continue to debate. Dmitri: I feel that government involvement in the economy should be reduced because government programs cause more harm than good Frances: 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 economists chosen at random most likely to agree? O Employers should not be restricted from outsourcing work to foreign nations. O Business managers can raise profit more easily by reducing costs than by raising revenue. O Central banks should focus more on maintaining low unemployment than on maintaining low inflation.

Explanation / Answer

Answer is A). The disagreement between these economists is most likely due to differences between perception versus reality.

Explanation: Dmitri thoughts are perception based whereas Frances are reality based. Its Dmitri perception that government cause more harm than good, Dmitri is not specific how harmful government is. Whereas, Fraces talks about reality, how govt is helpful for less fortunate.

Question 2: Answer is A). Two economists chosen at random are more likely to agree with employers should not be restricted from outsourcing work to foreign nations.

Explanation: Outsourcing income adds to the nations GDP and provides employment opportunities to people. So, they should not be restricted.

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