Question

Senator Brown wants to increase taxes on people with high incomes and use the money to help the poor. Senator Johnson argues that such a tax will discourage successful people from working and will therefore make society worse off. An economist would say that Select one:
a. we should agree with Senator Brown.
b. there are no trade-offs between equity and efficiency.
c. a good decision requires that we recognise both viewpoints.
d. we should agree with Senator Johnson

Answer 1

Answer:

a good decision requires that we recognise both viewpoints. 

Explanation:

Both viewpoints needs to be analysed maximally to make a good decision.