Asked by Jonas Hauser on May 04, 2024
Verified
Sometimes economists disagree because their scientific judgments differ. Which of the following instances best reflects this source of disagreement?
A) One economist believes everyone should pay the same percentage of their income in taxes; another economist believes that wealthier citizens should pay a higher percentage of their income in taxes.
B) One economist believes that manufacturing firms should face greater regulation to preserve the environment; another economist believes the government should not intervene in free markets.
C) One economist believes that equality should be valued over efficiency in policy decisions; another economist believes that efficiency should be valued over equality in policy decisions.
D) One economist believes the government should tax a household's income; another economist believes the government should tax a household's consumption because it will cause households to save more.
Scientific Judgments
Decisions or conclusions based on empirical evidence and logical reasoning within the scientific method.
Economists
Professionals specialized in the study of how societies use resources to produce valuables and distribute them among individuals.
Regulation
The imposition of rules by government, often intended to manage an economy or ensure compliance with standards.
- Identify the functions of economists in both scientific research and policy guidance.
Verified Answer
ZK
Zybrea KnightMay 05, 2024
Final Answer :
D
Explanation :
This choice reflects a disagreement based on scientific judgment about the effects of different tax policies on household saving behavior, rather than a difference in values or political ideology.
Learning Objectives
- Identify the functions of economists in both scientific research and policy guidance.