Asked by LaTasha Simmons on Apr 27, 2024

verifed

Verified

A survey of professional economists revealed that more than three-fourths of them agreed with fourteen economic propositions. Which of the following is not one of those propositions?

A) The United States should eliminate agricultural subsidies.
B) The United States should implement universal healthcare for its citizens.
C) A large federal budget deficit has an adverse effect on the economy.
D) Fiscal policy has a significant stimulative impact on a less than fully employed economy.

Agricultural Subsidies

are governmental financial support paid to farmers and agribusinesses to supplement their income, manage the supply of agricultural commodities, and influence the cost and supply of such commodities.

Fiscal Policy

Government policies concerning taxation and spending to influence the economy.

Federal Budget Deficit

The financial shortfall when a government's expenditures exceed its revenues within a fiscal year.

  • Understand the consensus and disagreements among economists on key economic propositions.
verifed

Verified Answer

JV
jorge velascoMay 02, 2024
Final Answer :
B
Explanation :
The fourteen propositions agreed upon by a majority of economists typically focus on principles that have broad consensus in the field, such as the benefits of free trade, the drawbacks of subsidies, and the impacts of fiscal policy. The proposition regarding the implementation of universal healthcare (B) is more of a policy preference that intersects with economics, health, and politics, and does not represent a consensus economic principle like the others listed.