Agreement and disagreement among economists
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.