What Are the Three Propositions About Which Most Economists Agree

question 174

Multiple Choice

What are the three propositions about which most economists agree most often (in order from first to third) ?

• A) rent control, tariffs and quotas, and floating exchange rates
• B) tariffs and quotas, floating exchange rates, and fiscal policy
• C) rent control, fiscal policy, and tariffs and quotas
• D) fiscal policy, rent control, and floating exchange rates

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Definitions:

Individual Productivity

The rate or efficiency at which an individual can produce outcomes or complete tasks, often in a work or academic setting.

Ordinary People

Refers to average individuals in society who are not distinguished by wealth, position, or special achievements.

Agents of Destruction

Refers typically to factors or entities that cause significant harm or damage, whether physically, psychologically, or environmentally.

Groupthink

A psychological phenomenon that occurs within a group of people in which the desire for harmony or conformity in the group results in an irrational or dysfunctional decision-making outcome.