Distinguishing Fact from Opinion Consider the example of
the state lottery to raise money for education. How might it be
possible for two economists to see the same information and
arrive at different opinions about what to do?
A basic finding of labor economics is that workers who have more experience in the labor force are paid more than workers who have less experience. Why might this be so? Some studies have also found that experience at the same job has an extra positive influence on wages. Explain why this might occur.
