contestada

despite their differences, with which proposition are two economists chosen at random most likely to agree?

Respuesta :

The two economists are likely to agree that employers should not be restricted from outsourcing work to foreign nations.

School of thought in economics

There are two main school of thought in economics:

  • Keynesian economics
  • Classical economics

Classical economics

Classical economics is a school of thought in economics that originated in Britain in the last 18th century. The founders of this school of thought are Adam Smith, Ricardo and John Stuart Mill.

Classical economist advocated for a lassiez- farire economy. This means that there would be no intervention of the government in the workings of the economy. This is because it was believed that the economy was self-regulating.

Keynesian economics

John Keynes birthed Keynesian economics in the wake of the great depression of 1930. This school of thought advocates for increased government spending and lower taxes in a recession.

Here are the options to this question:

  1. Central banks should focus more on maintaining low unemployment than on maintaining low inflation.
  2. Business managers can raise profit more easily by reducing costs than by raising revenue.
  3. Employers should not be restricted from outsourcing work to foreign nations.

To learn more about keynesian economics, please check: https://brainly.com/question/14223529