Average & Total Cost, Application of Economics & Income Inequality Mcqs


Q.  Suppose two economists are arguing about policies that deal with unemployment. One economist says. The government could lower unemployment by one percentage point if it would just increase government spending by 50 billion dollars the other economist responds Nonsense and poppycock! If the government spent an additional 50 billion dollars it would reduce unemployment by only one tenth of one percent. and that effect would only be temporary! These economists ?

a. None of these answers
b. Disagree because they have different scientific judgments
c. really don’t disagree at all. It just appears that they disagree
d. disagree because they have different values


ANSWER: See Answer
 
No explanation is available for this question!
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