Exam 2: Thinking Like an Economist: Why Economists Disagree

A survey of professional economists revealed that more than three-fourths of them agreed with a number of statements,including which of the following?

Yi and Avik are both economists.Yi thinks that taxing consumption,rather than income,would result in higher household saving because income that is saved would not be taxed.Avik does not think that household saving would respond much to a change in the tax laws.In this example,Yi and Avik

Sometimes economists disagree because their values differ.Which of the following instances best reflects this source of disagreement?

Almost all economists agree that tariffs and import quotas

"If all economists were laid end to end,they would not reach a conclusion." Who made this whimsical observation?

Almost all economists agree that local and state governments should

Economists sometimes give conflicting advice because

Which of the following is one of the basic reasons why economists often appear to give conflicting advice to policymakers?

Which of the following statements is correct about the extent of disagreement among economists?

Differences in scientific judgment between economists are similar to all of the following except

Joe and Fred are economists.Joe thinks that the wealthiest 10% of the US population should be taxed a rate higher than the rest of society because they can better afford it.Fred thinks that everyone should be taxed at the same rate because that is the fairest scenario and the wealthy should not be penalized for their success.In this example,Joe and Fred

A survey which sought the opinion of professional economists on fourteen propositions about economic policy found that

A survey of professional economists revealed that more than three-fourths of them agreed with fourteen economic propositions.Which of the following is not one of those propositions?

The two basic reasons why economists often appear to give conflicting advice to policymakers are differences in

A survey of professional economists revealed that more than three-fourths of them agreed with fourteen economic propositions.Which of the following is not one of those propositions?

Sometimes economists disagree because their scientific judgments differ.Which of the following instances best reflects this source of disagreement?

President Ronald Reagan once joked that a Trivial Pursuit game designed for economists would