When President Harry Truman Said That He Wanted to Find

question 189

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 open to more than one interpretation. Why is this?

• A)​Economists cannot make up their minds on policy matters.
• B)​Economists agree with each other on all 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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