Homework answers / question archive / Suppose that Charles, an economist from an AM talk radio program, and Dina, an economist from a university in Massachusetts, are arguing over government intervention

Suppose that Charles, an economist from an AM talk radio program, and Dina, an economist from a university in Massachusetts, are arguing over government intervention

Economics

Share With

---

Suppose that Charles, an economist from an AM talk radio program, and Dina, an economist from a university in Massachusetts, are arguing over government intervention. The following dialogue shows an excerpt from their debate:

Dina: The usefulness of government intervention in the economy is a long-standing issue that economists continue to debate.

Charles: I feel that government involvement in the economy should be reduced because government programs cause more harm than good.

Dina: 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 (differences in values / differences in perception versus reality / differences in scientific judgements) .

Despite their differences, with which proposition are two economists chosen at random most likely to agree? (ONLY ONE OF THE THREE)

- Lawyers make up an excessive percentage of elected officials.

- Tariffs and import quotas generally reduce economic welfare.

- Minimum wage laws do more to harm low-skilled workers than help them.