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

Author Question: A key assumption in the classical model is A) sticky wages. B) pure competition exists. C) ... (Read 122 times)

Mollykgkg

  • Hero Member
  • *****
  • Posts: 529
on: Jun 29, 2018
A key assumption in the classical model is
 
  A) sticky wages.
  B) pure competition exists.
  C) sticky prices.
  D) the government plays a major role in economic problems.

Question 2

Which of the following statements is NOT true of external benefits?
 
  A) External benefits lead to an underallocation of resources to the production of the good that has the external benefit.
  B) External benefits lead to a price in the market that is too high.
  C) External benefits lead to too few of the goods that have the external benefit being produced.
  D) External benefits are a good thing for the allocation of resources because people are getting something at no cost.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

TheDev123

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


Mollykgkg

  • Member
  • Posts: 529
Reply 2 on: Jun 29, 2018
Gracias!

nyrave

  • Member
  • Posts: 344
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Model organisms used to study the genetics of development Model organisms used to study the genetics of development
Wilson and Simberloff's experiments on the equilibrium model of biogeography. Wilson and Simberloff's experiments on the equilibrium model of biogeography.
A Model of a Pulsating X-Ray Source A Model of a Pulsating X-Ray Source
Three-cell model Three-cell model
Strand displacement model for mitochondrial DNA replication Strand displacement model for mitochondrial DNA replication
The attenuation model regulating the tryptophan operon The attenuation model regulating the tryptophan operon
Video: Lipid digestion - mouth, stomach and small intestine

For a complete list of videos, visit our video library