Agreement and disagreement among economists
Suppose that Antonio, an economist from a university in Arizona, and Caroline, an economist from a school of industrial relations, 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.
: While I doagree 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 .
A)Business managers can raise profit more easily by reducing costs than by raising revenue.
B)Central banks should focus more on maintaining low unemployment than on maintaining low inflation.
C)Employers should not be restricted from outsourcing work to foreign nations.
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