Joe and Fred Are Economists

question 11

Multiple Choice

Joe and Fred are economists.Joe thinks that the wealthiest 10% of the US population should be taxed a rate higher than the rest of society because they can better afford it.Fred thinks that everyone should be taxed at the same rate because that is the fairest scenario and the wealthy should not be penalized for their success.In this example,Joe and Fred

• A)disagree about the validity of a positive theory.
• B)have different normative views about tax policy.
• C)must both be incorrect because tax policy is never that simple.
• D)None of the above is correct.

---

Definitions:

Identifying Threats

The process of recognizing potential dangers that could harm an individual, organization, or system.

Political Tactics

Strategies and maneuvers used by individuals or groups within an organization to gain power or advantages, often involving subtle or covert actions.

External Leadership Behavior

Actions and decisions by leaders that involve interaction with external stakeholders, such as customers, suppliers, and regulatory bodies, influencing the organization's external environment.

Networking

The action or process of interacting with others to exchange information and develop professional or social contacts.