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

Author Question: The classical economists attacked the mercantilist propositions that a. state action was ... (Read 66 times)

Sufayan.ah

  • Hero Member
  • *****
  • Posts: 512
on: Jun 30, 2018
The classical economists attacked the mercantilist propositions that
 
  a. state action was necessary to direct the capitalist system.
  b. money had no intrinsic value.
  c. output was completely supply-determined.
  d. the wealth of a nation was closely linked to the country's stock of precious metals.
  e. Both a and d

Question 2

The concept of rational expectations is consistent with the notion of
 
  a. utility maximization.
  b. profit maximization.
  c. strong mechanisms towards equilibrium in markets
  d. auction markets.
  e. all of the above.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aidanmbrowne

  • Sr. Member
  • ****
  • Posts: 305
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

E


Sufayan.ah

  • Member
  • Posts: 512
Reply 2 on: Jun 30, 2018
Gracias!

smrtceo

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

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?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Spotted hyena attacked by Maasai warriors Spotted hyena attacked by Maasai warriors
Mechanism of Action of Antihypertensive Drugs Mechanism of Action of Antihypertensive Drugs
Classical Conditioning in Advertisements Classical Conditioning in Advertisements
Homer: In the Western classical tradition Homer is the author of the Iliad and the Odyssey, and is ... Homer: In the Western classical tradition Homer is the author of the Iliad and the Odyssey, and is ...
Normal action of antidiuretic hormone. Normal action of antidiuretic hormone.
Mechanisms of action of anticoagulants. Mechanisms of action of anticoagulants.
Video: Summary of female reproductive cycle days 1-28

For a complete list of videos, visit our video library