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Agreement and disagreement among economists Suppose thatMusashi, an economist from a business administration program inGeorgia,...

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Economics

Agreement and disagreement among economists Suppose thatMusashi, an economist from a business administration program inGeorgia, and Rina, another economist from a university in Florida,are both guests on a popular science podcast. The host of thepodcast is facilitating their debate over saving incentives. Thefollowing dialogue represents a portion of the transcript of theirdiscussion: Rina: I think it's safe to say that, in general, thesavings rate of households in today's economy is much lower than itreally needs to be to sustain an improvement in living standards.Musashi: I think a switch from the income tax to a consumption taxwould bring growth in living standards. Rina: You really thinkhouseholds would change their saving behavior enough in response tothis to make a difference? Because I dont. The disagreement betweenthese economists is most likely due to

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Despite their differences, with which proposition are twoeconomists chosen at random most likely to agree? Having a singleincome tax rate would improve economic performance. Immigrantsrecelve more in government benefits than they contribute in taxes.Rent cellings reduce the quantity and quality of availablehousing.

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