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Author Question: The Classical Dichotomy refers to: a. a distinction between value in use and value in exchange. b. ... (Read 45 times)

rachel9

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on: Jul 1, 2018
The Classical Dichotomy refers to:
 a. a distinction between value in use and value in exchange.
  b. separate theories of demand and supply.
  c. the possibility of Giffen's Paradox.
  d. determination of relative prices independent of the nominal price level.

Question 2

Which of the following is NOT a possible resolution of externalities?
 a. Coasian bargaining
 b. regulatory directives
 c. taxes and subsidies
 d. cap and trade
 e. all of the above are possible resolutions of externalities


cupcake16

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

e


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