Three reasons why economists have different views on social policy issues are: (1) their views on social policy are influenced by their subjective value judgments, (2) policy must be based on imprecise empirical evidence, and (3) policy proposals can be derived from different economic models. Discuss each of these reasons.

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The Answer of Three reasons why economists have different views on social policy issues are: (1) their views on social policy are influenced by their subjective value judgments, (2) policy must be based on imprecise empirical evidence, and (3) policy proposals can be derived from different economic models. Discuss each of these reasons.

Three Reasons Why Economists Have Different Views on Social Policy