Agreement and disagreement among economists

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Suppose that Edison, an economist from a business school in Georgia, and Hilary, an economist from a public television program, are arguing over government intervention. The following dialogue shows an excerpt from their debate:

Hilary: The usefulness of government intervention in the economy is a long-standing issue that economists continue to debate.

Edison: I feel that government involvement in the economy should be reduced because government programs cause more harm than good.

Hilary: While I do agree 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 selector 1differences in perception versus reality

differences in scientific judgments
differences in values
differences in perception versus reality
.

Points:

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Explanation:

Despite their differences, with which proposition are two economists chosen at random most likely to agree?

Business managers can raise profit more easily by reducing costs than by raising revenue.

Central banks should focus more on maintaining low unemployment than on maintaining low inflation.

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

Both Hilary and Edison are economists who have a scientific (from the social sciences) understanding of economic phenomena. However, Edison values economic efficiency more, while Hilary values equality more.

The reason for this is that what is economically efficient does not necessarily benefit everyone, and the less fortunate, according to Hilary, need a helping had, in this case, the government.

Second question answer:

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

The thing economists agree the most is that free trade benefits all parties, therefore, the vast majority of economists believe that restrictions on the free trade of goods and services is harmful to the economy. This includes restrictions on the free movement of labor.

Explanation: