despite their differences, with which proposition are two economists chosen at random most likely to agree? minimum wage laws do more to harm low-skilled workers than help them. tariffs and import quotas generally reduce economic welfare. lawyers make up an excessive percentage of elected officials.

Respuesta :

Tariffs and import quotas generally reduce economic welfare proposition are two economists chosen at random most likely to agree.

What's profitable weal?

  • Welfare economics is a branch of economics that uses microeconomic ways to estimate well- being( weal) at the total( frugality-wide) position.
  • Trying to apply the principles of weal economics gives rise to the field of public economics, the study of how government might intermediate to ameliorate social weal.

What's the profitable weal of a society?

  • Profitable weal is profitable good expressed in terms of the sum of consumer and patron fat – also known as community fat.
  • Consumer fat exists whenever the price a consumer would be willing to pay in terms of their anticipated private benefit is lesser than they actually pay.

Learn more about economic welfare here:

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