Two Economists,Adam and Joan,are Discussing the Possibility of Substantially Reforming

question 54

Multiple Choice

Two economists,Adam and Joan,are discussing the possibility of substantially reforming the current federal tax system.Adam thinks the current system is fine,but Joan is in favour of reform.Which statement is the least likely explanation for the disagreement

• A)Adam is a positive economist, and Joan is a normative economist.
• B)Adam and Joan have different positive views about the effect of changing the tax system.
• C)Adam and Joan have different values, and so they have different normative views about policy.
• D)Adam is better off under the current system, and Joan would be better off if the reforms were implemented.

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Definitions:

Market Opportunities

Potential chances to meet unfulfilled customer needs or demands in the market, often identified for strategic business growth.

Customer Confidence

The trust and belief a consumer has in a product's quality, a company's reliability, or the service provided, often influencing purchasing decisions.

Emotional Self-Control

The ability to manage and regulate one's emotions, especially in challenging situations, in order to maintain professionalism and achieve desired outcomes.

Financial Investments

Putting money into financial schemes, shares, property, or a commercial venture with the expectation of achieving a profit.