table tenpropositions about which most economists agree
proposition (and percentage of economists who agree)
1. A ceiling on rents reduces the quantity and quality of housing available (93%)
2. Tariffs and import quotas usually reduce general economic welfare
3.flexible and floating exchange rates offer an effective international monetaty arrangement
4.fiscal policy ( c.g. tax cut and /or government expenditrue increase) has a significant stimulative impact on a less than fully employed economy
5.If the federal budget is to be balanced, it should be done over the business cycle rather than yearly
6. cash payments increase the welfare of recipients to a greater degree than do transfers in-kind of equal cash value.
7. A large federal budget deficit has an adverse effect on the economy
8. A minimum wage increases unemployment among young and unskilled workers
9. the government should restructure the welfare system along the lines of a "negative income tax
10. effluent taxes and marketable pollution permits represent a better approach to pollution control than imposition of pollution ceiling