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Author Question: Economic models are NOT used to A) explain economic phenomena. B) predict economic phenomena. ... (Read 151 times)

fagboi

  • Hero Member
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  • Posts: 535
on: Jun 29, 2018
Economic models are NOT used to
 
  A) explain economic phenomena.
  B) predict economic phenomena.
  C) understand economic phenomena.
  D) describe all economic phenomena in minute detail.

Question 2

If a corporation were forced to absorb the cost of a spillover from the production of a good, this would likely cause the supply curve for the good to
 
  A) shift out.
  B) shift to the left.
  C) shift to the right.
  D) None of the above are correct.


jjorrostieta

  • Sr. Member
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  • Posts: 298
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


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