8. Agreement and disagreement among economists Suppose that Shen, an economist from a consulting firm, and Valerie, another economist from a university in Florida, 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. The disagreement between these economists is most likely due to differences in values differences in scientific judgments differences between perception versus reality Despite their differences, with which proposition are two economis Business managers can raise profit more easily by reduc Central banks should focus more on maintaining low une Ⓒ Employers should not be restricted from outsourcing work to foreign nations.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question
100%

Plz answer asap.... I vll give positive feedback and upvote as well .... Asap

8. Agreement and disagreement among economists
Suppose that Shen, an economist from a consulting firm, and Valerie, another economist from a university in Florida, 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.
The disagreement between these economists is most likely due to
differences in values.
differences in scientific judgments
differences between perception versus reality.
Despite their differences, with which proposition are two economis
Business managers can raise profit more easily by reduc
Central banks should focus more on maintaining low une
Employers should not be restricted from outsourcing work to foreign nations.
Transcribed Image Text:8. Agreement and disagreement among economists Suppose that Shen, an economist from a consulting firm, and Valerie, another economist from a university in Florida, 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. The disagreement between these economists is most likely due to differences in values. differences in scientific judgments differences between perception versus reality. Despite their differences, with which proposition are two economis Business managers can raise profit more easily by reduc Central banks should focus more on maintaining low une Employers should not be restricted from outsourcing work to foreign nations.
Despite their differences, with which proposition are two economists chosen at random most likely to agree?
Business managers can raise profit more easily by reducing costs than by raising revenue.
Central banks should focus more on maintaining low unemployment than on maintaining low inflation.
Employers should not be restricted from outsourcing work to foreign nations.
Transcribed Image Text:Despite their differences, with which proposition are two economists chosen at random most likely to agree? Business managers can raise profit more easily by reducing costs than by raising revenue. Central banks should focus more on maintaining low unemployment than on maintaining low inflation. Employers should not be restricted from outsourcing work to foreign nations.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Cost of Medicare
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education