Asked by LaTasha Simmons on Apr 27, 2024
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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.
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Learning Objectives
- Understand the consensus and disagreements among economists on key economic propositions.
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