This topic contains a solution. Click here to go to the answer

Author Question: What would lead an economist to conclude that Theory A is superior to Theory B? A) Theory A ... (Read 83 times)

Pea0909berry

  • Hero Member
  • *****
  • Posts: 573
What would lead an economist to conclude that Theory A is superior to Theory B?
 
  A) Theory A predicts real-world events better than does Theory B.
  B) The assumptions underlying Theory A are more realistic than are the assumptions underlying Theory B.
  C) Theory A explains how people think, whereas Theory B only explains what they do.
  D) Theory A is based on the assumption that an individual typically cannot determine what is in his or her own best interest, whereas Theory B assumes that each person knows what is in his or her own best interest and acts accordingly.

Question 2

Price floors
 
  A) provide free market incentives for producers.
  B) create surpluses by setting the price above equilibrium.
  C) create shortages by setting the price above equilibrium.
  D) are used by advocates of the free market.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bimper21

  • Sr. Member
  • ****
  • Posts: 309
Answer to Question 1

A

Answer to Question 2

B




Pea0909berry

  • Member
  • Posts: 573
Reply 2 on: Jun 29, 2018
Excellent


peter

  • Member
  • Posts: 330
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

For a complete list of videos, visit our video library