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Agreement and disagreement among economists Suppose that Hubert,an economist from a college in Pennsylvanis, and...

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Economics

Agreement and disagreement among economists Suppose that Hubert,an economist from a college in Pennsylvanis, and Kate, anothereconomist from a nonprofit institution in the Midwest, are bothguests on a popular science podcast. The host of the podcast isfacilitating their debate over government intervention. Thefollowing dialogue represents a portion of the transcript of theirdiscussion: Kate: The usefulness of government intervention in theeconomy is a long-standing issue that economists continue todebate. Hubert: I feel that government involvement in the economyshould be reduced because government programs cause more harm thangood. Kate: While I do agree that government programs can beinefficient, I really think they are necessary to help the lessfortunate. The disagreement between these economists is most likelydue to

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differences in values Despite their differences, with whichproposition are two economists chosen at random most likely toagree? Wariffs and import quotas generally reduce economic welfare.Lawyers make up an excessive percentage of elected officials.

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