When President Harry Truman Said That He Wanted to Find

question 170

Multiple Choice

When President Harry Truman said that he wanted to find a one-armed economist because his economic advisors always said,"On the one hand...and on the other hand..." he recognized that the advice of economists is often equivocal.Why is their advice often equivocal?

• A) Economists cannot make up their minds on policy matters.
• B) Economists always disagree with each other on policy issues.
• C) Economists are aware that tradeoffs are involved in most policy questions.
• D) Economists are often unable to identify the critical questions involved in policy issues.

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