Business, 05.06.2020 16:59 GreatBaconGamer

Suppose that Paolo, an economist from a university in Arizona, and Sharon, an economist from a university in Massachusetts, are arguing over government bailouts. The following dialogue shows an excerpt from their debate: Sharon: Thanks to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days.
Paolo: Indeed, it's gotten crazy! A government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets.
Sharon: I don't know about that. Without a bailout of severely distressed financial firms, the economy will experience a deep recession.

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

Answers: 3

Show answers

Answers

Answer from: NetherisIsTheQueen

1. Differences in scientific judgements.

2. c. Tariffs and import quotas generally reduce economic welfare.

Explanation:

1. Economists tend to have very varying opinions and this is a well known fact. So much so that even former President Ronald Reagan made jokes about their difference in opinions.

The two Economists in the scenario above, Paolo and Sharon both seem to disagree with each other because they believe that bailouts affect the Economy in different ways. This is most likely due to the scientific judgement that they reached after researching or thinking about the problem from different angles.

2. Despite the differences that Economists have with each other, it is a general belief that Tariffs and Quotas and indeed any hindrance to free trade between countries reduces economic welfare. In the case of Tariffs and Quotas, that reduction in welfare is called a Deadweight loss. You would be hard pressed to find an Economist that supports Quotas and Tariffs.

Answer from: Quest

Ok well you are not bhanu is the best way of a day of luck in which he i don't need yuu is the best way to get it to prove it is good for me is a name of girl then i know i know you are not bhanu is the best way to get it to prove it is good that the best way to get it to prove it is good for me is a 899hb of a day changes into plesent people are happy children are enjoying sadness of a day changes into plesent people are happy children are enjoying sadness of a day changes into plesent people are happy children are enjoying sadness of a day changes into plesent people are happy children are enjoying sadness of a day changes into plesent people are happy children are enjoying sadness of a day changes into plesent people are happy children are enjoying sadness of a day changes into plesent people are happy children are enjoying sadness of a day changes into plesent people

Answer from: Quest

Gonna need some more info

Another question on Business

Business, 21.06.2019 18:30

What is product differentiation, and how can it be achieved ? what is product positioning? what conditions would head to head product positioning be appropriate?

Answers: 2

Answer

Business, 22.06.2019 11:30

Margaret company reported the following information for the current year: net sales $3,000,000 purchases $1,957,000 beginning inventory $245,000 ending inventory $115,000 cost of goods sold 65% of sales industry averages available are: inventory turnover 5.29 gross profit percentage 28% how do the inventory turnover and gross profit percentage for margaret company compare to the industry averages for the same ratios? (round inventory turnover to two decimal places. round gross profit percentage to the nearest percent.)

Answers: 2

Answer

Business, 22.06.2019 13:00

Creation landscaping has 1,000 bonds outstanding that are selling for $1,280 each. the company also has 2,000 shares of preferred stock outstanding, currently priced at $27.20 a share. the common stock is priced at $37.00 a share and there are 28,000 shares outstanding. what is the weight of the debt as it relates to the firm's weighted average cost of capital?

Answers: 1

Answer

Business, 22.06.2019 16:10

Answer the following questions using the banker’s algorithm: a. illustrate that the system is in a safe state by demonstrating an order in which the processes may complete. b. if a request from process p1 arrives for (1, 1, 0, 0), can the request be granted immediately? c. if a request from process p

Answers: 1

Answer

You know the right answer?

Suppose that Paolo, an economist from a university in Arizona, and Sharon, an economist from a unive...

Questions