Reference no: EM133575256

Question: Suppose that Clancy, an economist from a business administration program in Georgia, and Eileen, another economist from a nonprofit institution in the Midwest, are both guests on a popular science podcast. The host of the podcast is facilitating their debate over government intervention. The following dialogue represents a portion of the transcript of their discussion: Eileen: The usefulness of government intervention in the economy is a long-standing issue that economists continue to debate. Clancy: I feel that government involvement in the economy should be reduced because government programs cause more harm than good. Eileen: 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 . Despite their differences, with which proposition are two economists chosen at random most likely to agree? Employers should not be restricted from outsourcing work to foreign nations. Central banks should focus more on maintaining low unemployment than on maintaining low inflation. Business managers can raise profit more easily by reducing costs than by raising revenue.