While economists may disagree on policy and specific predictions, they do generally agree on the theoretical fundamentals of economics. This includes concepts such as supply and demand, opportunity cost, and market equilibrium. However, economists do not always agree on personal values, as these can vary greatly among individuals.

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Economists

Question 78

Multiple Choice

Economists:

A) always disagree over policy, predictions and applications.
B) generally agree on theoretical fundamentals.
C) never agree on predictions and theoretical fundamentals.
D) always agree on personal values.

Correct Answer: