2. True or false? Explain your answer. a. Policy choice A and policy choice B attempt to...

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2. True or false? Explain your answer.

a. Policy choice A and policy choice B attempt to achieve the same social goal. Policy choice A, however, results in a much less efficient use of resources than policy choice B. Therefore, economists are more likely to agree on choosing policy choice B.

b. When two economists disagree on the desirability of a policy, it’s typically because one of them has made a mistake.

c. Policy makers can always use economics to figure out which goals a society should try to achieve.

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Essentials Of Economics

ISBN: 9781429218290

2nd Edition

Authors: Paul Krugman, Robin Wells, Kathryn Graddy

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