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 110 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?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Internal and external hemmorrhoids. Internal and external hemmorrhoids.
Take a good look at this woman Take a good look at this woman
The Two-Step Persuasion Technique to Encourage Community Service The Two-Step Persuasion Technique to Encourage Community Service
Envelope showing four options for placement of ancillary service endorsements. Envelope showing four options for placement of ancillary service endorsements.
Use an Automated External Defibrillator Use an Automated External Defibrillator
Iraqi market Iraqi market
Video: X chromosome inactivation in calico cats

For a complete list of videos, visit our video library