juliannabartra
15.07.2020 •
Business
Suppose that Edison, an economist from a university in Arizona, and Hilary, an economist from a school of industrial relations, are arguing over government bailouts. The following dialogue shows an excerpt from their debate: Hilary: Thanks to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days. Edison: Indeed, it's gotten crazy! A government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets. Hilary: I don't know about that. Without a bailout of severely distressed financial firms, the economy will experience a deep recession. The disagreement between these economists is most likely due todifferences in values . Despite their differences, with which proposition are two economists chosen at random most likely to agree? Minimum wage laws do more to harm low-skilled workers than help them. Lawyers make up an excessive percentage of elected officials. Tariffs and import quotas generally reduce economic welfare.
Solved
Show answers
More tips
- F Food and Cooking Ginger: A Universal Ingredient for Various Dishes...
- A Auto and Moto Which alarm system to choose?...
- C Computers and Internet Porn Banner: What It Is and How to Get Rid Of It?...
- F Food and Cooking How many stages of coffee roasting are there?...
- F Food and Cooking From Latte to Espresso: Which Coffee Drink is the Most Popular on Earth?...
- F Food and Cooking Experts Name Top 5 Healthiest Teas...
- C Computers and Internet Google Search Tips and Tricks: Everything You Need to Know...
- H Health and Medicine Discover the Hidden Principles and Real Results of the Japanese Diet...
- H Health and Medicine Liver Cleansing - Rejuvenation for the Body?...
- S Style and Beauty Is Photoepilation the Solution to Unwanted Hair Forever?...
Answers on questions: Business
- B Business Megan considered the median income and median value of homes in different cities to measure economic inequality. what is the unit of analysis in her study?...
- B Business In lean operations, input resources arrive for processing only after the preceding batch has been completed. question 10 options: a. true b. false...
- B Business How many employees must sign authorization cards for uion election?...
- B Business The total amount of cash and other assets received by a corporation from its stockholders that is in excess of the par or stated value is:...
- B Business You purchased one silver future contract at $2 per ounce. What would be your profit (loss) at maturity if the silver spot price at that time is $3.50 per ounce...
- B Business The push/pull view of a supply chain holds that the processes in a supply chain are divided into two categories depending on whether they are initiated in response...
- B Business When treasury stock is sold for more than the company originally paid to purchase the shares, the difference :...
- B Business The range of economic activity from the beginning trough of an expansion to the peak of the expansion is called...
- B Business Which of the following activities include the issuance and retirement of long-term debt? a.Selling activities b.Financing activities c.Manufacturing activities d.Investing...
- B Business NewTechSystems has contracted with a well-known regional consulting company (RCC). In the original contract, the agreement was for time-and-arrangements, but lately...
Ответ:
Tariffs and import quotas generally reduce economic welfare.
Explanation:
The vast majority of economists (over 90% according to the University of Chicago) agree that tariffs and import quotas generally reduce economic welfare. This is perhaps the normative statement in which economists agree the most.
The reason why is because tariffs and import quotas only benefit a small fraction of domestic producers, to the dismay of a larger number of consumers who end up having to pay higher prices for consumer goods.
Ответ:
ok
Explanation: