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Latasha: The usefulness of government intervention in the economy is a long standing issue that economists continue to debate. Jake: I feel that government involvement
Latasha: The usefulness of government intervention in the economy is a long standing issue that economists continue to debate. Jake: I feel that government involvement in the economy should be reduced because government programs cause more harm than good. Latasha: While I do agree that government programs can be inemcient, I really think they are necessary to help the less fortunate. The disagreement between these economists is most likely due to 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. O Tariffs and import quotas generally reduce economic welfare.The following table contains statements that provide some analysis of policies that address smoking, lung cancer, and cigarette taxes, Categorize each of those statements as either positive or normative. Statement Positive Normative Lung cancer kills millions of people each year. O O Too many people smoke. O O If the government were to increase taxes on cigarettes, fewer people would smoke. O O The government should increase taxes on cigarettes. O O
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