Two advisors to the president have given their policy recommendations, and they are in disagreement.Why do these economists disagree?
A)Because they do not have all relevant information about the problem
B)Because they disagree on the nature of some cause-effect relationship
C)Because they have different values and opinions
D)All of the above are reasons for disagreements among economists.

Question

Quizplus · Accepted Answer

Economists can have disagreements for a variety of reasons. They may not have all the relevant information about the problem, leading to different interpretations of the available data (A). They may also disagree on the nature of some cause-effect relationship, such as whether raising the minimum wage would increase unemployment (B). Finally, economists are not immune to having different values or opinions, which can lead to differences in policy recommendations (C). All of these factors can contribute to economists having disagreements on policy recommendations, making D the best choice.

Two Advisors to the President Have Given Their Policy Recommendations