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 99 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
Thanks for the timely response, appreciate it

ryhom

  • Member
  • Posts: 366
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

The wild radish, Raphanus sativus, has become a model for studying the mating behaviour of plants. The wild radish, Raphanus sativus, has become a model for studying the mating behaviour of plants.
Lung Model Lung Model
How the Wernicke-Geschwind model works in a person who is responding to a heard question and reading ... How the Wernicke-Geschwind model works in a person who is responding to a heard question and reading ...
A Mental Model A Mental Model
Sustainable Food Systems Model Sustainable Food Systems Model
Reverse Genetics Approaches in Model Genetic Organisms Reverse Genetics Approaches in Model Genetic Organisms
Video: Activation Energy - Valence Electrons

For a complete list of videos, visit our video library