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 115 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?

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.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Josiah Wedgwood, Queen's Ware dinner service (detail). Josiah Wedgwood, Queen's Ware dinner service (detail).
Internal and External Loci of Control Internal and External Loci of Control
Good alignment for sitting posture. Good alignment for sitting posture.
Stock Market Question Stock Market Question
Food service businesses Food service businesses
Prevalence of good health in Canadians aged 65 years and older Prevalence of good health in Canadians aged 65 years and older
Video: Sex-Linked Traits! How are eye colors inherited in fruit flies?

For a complete list of videos, visit our video library