Question

Q Sea mework (Ch 02) Juanita: I think it's safe to say that, in general, the savings rate of households in today's economy is much lower than it really needs to be to sustain an improvement in living standards. Gilberto: I think a switch from the income tax to a consumption tax would bring growth in living standards. Juanita: You really think households would change their saving behavior enough in response to this to make a difference? Because I don't. The disagreement between these economists is most likely due to differences in scientific judgments Despite their differences, with which proposition are two economists chosen at random most likely to agree? O Employers should not be restricted from outsourcing work to foreign nations. O Business managers can raise profit more easily by reducing costs than by raising revenue. O Central banks should focus more on maintaining low unemployment than on maintaining low inflation.

Answer 1

Ans) the correct answers are

Differences in scientific judgements.

Employers should not be restricted from outsourcing work to foreign nations.