Which of the following illustrates the concept of external ...

[cherise1989]

Which of the following illustrates the concept of external benefit?
 
  A) Good weather increases the size of the wheat crop.
  B) A new pesticide increases the size of the wheat crop.
  C) A gardener enjoys his flowers.
  D) Neighbors enjoy a gardener's flowers.

Question 2

A classical economist believes that
 
  A) if the economy was left alone, it would rarely operate at full employment.
  B) the economy is self-regulating and always at full employment.
  C) the economy is self-regulating and will normally, though not always, operate at full employment if monetary policy is not erratic.
  D) the economy is self-regulating and will normally, though not always, operate at full employment if fiscal policy is not erratic.

[abctaiwan]

Answer to Question 1

D

Answer to Question 2

B

[cherise1989]

Correct answers!

[abctaiwan]

Great! Please up vote