Business, 12.02.2020 17:44, bigg3826

Suppose that Shen, an economist from an AM talk radio program, and Valerie, an economist from the University of Massachusetts, are arguing over government bailouts. The following dialogue shows an excerpt from their debate:

Valerie: Thanks to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days.

Shen: Indeed, it's gotten crazy! A government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets.

Valerie: 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 to:

1) Differences in perception versus reality

2) Differences in scientific judgements

3) differences in values

Despite their differences, with which propositional two economists chosen at random most likely to agree?

1) Rent ceilings reduce the quality and quantity of available housing.

2) Immigrants receive more in government benefits than they contribute in taxes.

3) Having a single income tax rate would improve economic performance.

Answers: 1

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Answers

answered: erin93

Question 1 is Differences in perception versus reality

Question 2 is Rent ceilings reduce the quality and quantity of available housing.

Explanation:

Question 1

Perception is a way of regarding, understanding, or interpreting something; a mental impression as result of pre-existing notions. Shen judgement was based on her knowledge of economics of free markets without taking into consideration of exceptions.

Reality on the other hand is the state of things as they actually exist, as opposed to an idealistic or notional idea of them. Shen with her economics knowledge understands that the situation on ground does not conform with what Valerie knows. This is because perception is inherently flexible and speculative while reality disrespects viewpoints and view angles and is inherently rigid and factual.

Question 2

Rent ceilings stimulate demand and this cause shortages. Where the ceiling is set, there is more demand than at the equilibrium price.

This leads to shortage of supply of rent housing. This is because investors and landlords will stop building new houses or apartments to satisfy existing or increasing quantity demand. This shortage of supply somehow will lead to search activity and invariably affect the quality and quantity of available housing.

answered: Guest

explanation:

answered: Guest

My first question is what benefits do you expect to achieve from career exploration? the benefits that i expect to achieve from career exploration. for me i think the benefits of exploring many different careers are that you get exposed to more, so it's easier for you to pick which one you like best. another benefit is that you get a more first hand view of what jobs are more likely to be needed in the future and that can be factored into your consideration. my second question is what do you expect to be the most challenging parts of your career planning process? why? the most challenging parts of my career planning process is trying to get things in order and trying to write this paragraph it is confusing and, hard work. and last but not least my third question is i think the most challenging part is taking the first step and really deciding on a career you want to pursue; there are so many options and it can be hard to choose.which jobs will allow me to make a living? ; what skills does emergency medical technician emergency medical services medical » physiology require?

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Suppose that Shen, an economist from an AM talk radio program, and Valerie, an economist from the Un...