Question

Suppose that Dmitri, an economist from a university in Arizona, and Frances, an economist from a school of industrial relations, are arguing over oement bailouts. The following dialogue shows an excerpt from their debate Frances: Thanks to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days. Dmitri: Indeed, it's gotten crazy! A government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets. Frances: 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? Minimum wage laws do more to harm low-skilled workers than help them. O Lawyers make up an excessive percentage of elected officials. O Tariffs and import quotas generally reduce economic welfare.

Answer 1

The dsagreement between these economists is most likely due to differences in scientific judgement.

Despite their differences........

Minimum wage laws do more to harm low skilled workers than help them