Sometimes Economists Disagree Because Their Values Differ

question 3

Multiple Choice

Sometimes economists disagree because their values differ.Which of the following instances best reflects this source of disagreement?

• A)One economist believes the North American Free Trade Agreement (NAFTA)has led to a loss of American jobs;another economist disputes this claim.
• B)One economist believes that when income taxes are cut,people will increase their spending;another economist believes that when income taxes are cut,people will increase their saving.
• C)One economist advises against increases in sales taxes because she thinks such increases are unfair to low-income people;another economist disputes the idea that increases in sales taxes are unfair to low-income people.
• D)One economist believes that,prior to the Civil War,slavery contributed to economic growth in the South;another economist believes that slavery held back the South's economic growth.

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Definitions:

Suspension

A mode of sediment transport in which water or wind picks up and carries the sediment as floating particles.

Deposition

The process where material is laid down or settles in a new location.

Gradient

A measure of the steepness or incline of a surface, often expressed as a ratio of vertical rise to horizontal distance.

Water Velocity

The speed at which water flows in a given direction within a river, stream, or other body of water.