This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When there is an external benefit, the unregulated market A) overproduces the good or service. ... (Read 65 times)

jilianpiloj

  • Hero Member
  • *****
  • Posts: 521
on: Jun 29, 2018
When there is an external benefit, the unregulated market
 
  A) overproduces the good or service.
  B) underproduces the good or service.
  C) reaches the most efficient solution.
  D) maximizes public welfare.

Question 2

If two competing models are offered to explain a certain economic phenomenon, the better model is the one
 
  A) that is the newest since newer models are better than old models.
  B) with the fewest unrealistic assumptions.
  C) that more often predicts with most accuracy.
  D) that is not subject to empirical verification.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

djpooyouma

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


jilianpiloj

  • Hero Member
  • *****
  • Posts: 521
Reply #2 on: Jun 29, 2018
Correct answers!


djpooyouma

  • Sr. Member
  • ****
  • Posts: 325
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

External and internal structures of nails. External and internal structures of nails.
Example of the Index to External Causes. Example of the Index to External Causes.
Nasal cartilage and external structures. Nasal cartilage and external structures.
A slave market in Marrakesh, Morocco. This lithograph is from the 1800s. A slave market in Marrakesh, Morocco. This lithograph is from the 1800s.
Remove all jewelry before performing service work on any vehicle. Remove all jewelry before performing service work on any vehicle.
Injuries That Benefit from Burn Center Care Injuries That Benefit from Burn Center Care
Video: Stroke volume - contractility definition

For a complete list of videos, visit our video library