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

Author Question: When there is an external benefit, the unregulated market A) overproduces the good or service. ... (Read 152 times)

jilianpiloj

  • Hero Member
  • *****
  • Posts: 521
on: Jun 29, 2018
When there is an external benefit, the unregulated market
 
  A) overproduces the good or service.
  B) underproduces the good or service.
  C) reaches the most efficient solution.
  D) maximizes public welfare.

Question 2

If two competing models are offered to explain a certain economic phenomenon, the better model is the one
 
  A) that is the newest since newer models are better than old models.
  B) with the fewest unrealistic assumptions.
  C) that more often predicts with most accuracy.
  D) that is not subject to empirical verification.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

djpooyouma

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


jilianpiloj

  • Hero Member
  • *****
  • Posts: 521
Reply #2 on: Jun 29, 2018
Correct answers!


djpooyouma

  • Sr. Member
  • ****
  • Posts: 325
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

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?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Good computer skills are now required to be a successful member of an office staff. Good computer skills are now required to be a successful member of an office staff.
Envelope showing four options for placement of ancillary service endorsements. Envelope showing four options for placement of ancillary service endorsements.
Linesman’s pliers are very useful because they can help perform many automotive service jobs. Linesman’s pliers are very useful because they can help perform many automotive service jobs.
Checking the voltage drop between the TP sensor ground and a good engine ground with the ignition ... Checking the voltage drop between the TP sensor ground and a good engine ground with the ignition ...
Vegetable oils are good sources of essential fatty acids Vegetable oils are good sources of essential fatty acids
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
Video: Segmentation and migrating motility complexes & Gastroileal reflex

For a complete list of videos, visit our video library