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tangare [24]
3 years ago
8

Suppose that Antonio, an economist from an AM talk radio program, and Caroline, an economist from a school of industrial relatio

ns, are arguing over government intervention. The following dialogue shows an excerpt from their debate:
Caroline: The usefulness of government intervention in the economy is a long-standing issue that economists continue to debate.

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

Caroline: While I do agree that government programs can be inefficient, I really think they are necessary to help the less fortunate.

1. The disagreement between these economists is most likely due to

a. differences in values

b. differences in scientific judgement

c.differences in perception verse reality.

2. Despite their differences, with which proposition are two economists chosen at random most likely to agree?

a. Lawyers make up an excessive percentage of elected officials.

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

c. Tariffs and import quotas generally reduce economic welfare.
Business
1 answer:
ANTONII [103]3 years ago
5 0

Answer:

1) Option A. differences in values

2) Option C. Tariffs and import quotas generally reduce economic welfare

Explanation:

1) Difference in values which can also be called value conflicts are due to variations in belief systems. I.e. when the belief systems of two groups do not allign. While Antonio believes that government programmes should be reduced because they cause more harm than good, Caroline is of the opinion that despite the inefficiency of government programmes, they are still necessary for the less fortunate. This disagreement is as a result of value conflict.

2) Both economists agree on the inefficiency of government programmes. The focal point of Caroline's argument is that government's intervention in the economy is needed for the less fortunate. Based on this premise, two economies chosen at random will most likely agree to the proposition that tariffs and import quotas generally reduce economic welfare.

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Answer:

D. Corn is not used in the production of other goods.

Explanation:

D is the only option that can be an argument for the total value of the corn produced to be included as corn for the same year in the GDP.

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If for example, corn were part of another productive process and this productive process begins next year, that part of the corn used to produce that good would be included in the GDP of the year in which the product will be produced (the one that corn is used in the production).

This means that the lobbyist can only rely on option D (include all the value of corn for the year in which it was produced) if in this country the corn is not part of another productive process.

5 0
3 years ago
Which of the following was partly an effect of the Mexican-American War?
Neporo4naja [7]

Answer:

The correct answer is letter "C": the United States becoming a transcontinental nation.

Explanation:

After <em>Texas </em>was declared independent from Mexico in 1836, issues arose since the U.S. did not want to annex the freed territory due to northern interests. Mexico became hostile in defining the frontiers after the independence of Texas at the point of threatening the U.S. to go on war if its demand was not fulfilled.  

With an attack on American Soldiers by April 1846 in Texas, the war begun. Americans military power revealed superior to Mexicans winning the war in favor of U.S. President James K. Polk (1795-1849) who <em>believed the U.S. had to spread across the continent</em>.

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Ivahew [28]

Answer:

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Cheers.

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3 years ago
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