To check for conflicting agendas among your friends, ask five of them which policy option they would
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To check for conflicting agendas among your friends, ask five of them which policy option they would vote for in each of the following categories of government spending:
a. Increase Decrease Make no change in spending on the military.
b. Increase Decrease Make no change in spending on public education.
c. Increase Decrease Make no change in subsidies for solar power.
How would you expect an economist to recommend that these policy decisions be made?
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An economist would typically approach policy decisions by analyzing the costs and benefits associated with each option and considering their overall i...View the full answer
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