Suppose two economists are arguing about policies that deal with unemployment. one economist says, " the government should fight unemployment because it is the greatest social evil". the other economist responds " hogwash. inflation is the greatest social evil". these economists . disagree because they have different scientific judgements.b. disagree because they have different values.c. none of the above.d. really don't disagree at all. it just looks that way.

B. Disagree because they have different values

Explanation:

According to my research on different economical perspectives, I can say that based on the information provided within the question these economists disagree because they have different values. They apparently believe or see the economy and aspects in different perspectives which is why they are disagreeing on what is considered as the greatest social evil.

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All of these occur in case of marginal external cost.

Explanation:

An external cost is the cost of production which is borne by a third party. It is not incurred by the parties involved in the production process. Since the cost is borne by third parties it lowers the cost of production for the producer. The producer can produce more. This leads to a production greater than the socially efficient level.

The marginal private cost is lower than the marginal social cost. The market price is determined by the interaction of marginal benefit and marginal private cost. So the market price will be lower than the marginal social cost.

Since the marginal social cost is higher than the marginal social benefit, there will be a deadweight loss of social welfare involved.