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

Author Question: A key assumption in the classical model is A) sticky wages. B) pure competition exists. C) ... (Read 98 times)

Mollykgkg

  • Hero Member
  • *****
  • Posts: 529
on: Jun 29, 2018
A key assumption in the classical model is
 
  A) sticky wages.
  B) pure competition exists.
  C) sticky prices.
  D) the government plays a major role in economic problems.

Question 2

Which of the following statements is NOT true of external benefits?
 
  A) External benefits lead to an underallocation of resources to the production of the good that has the external benefit.
  B) External benefits lead to a price in the market that is too high.
  C) External benefits lead to too few of the goods that have the external benefit being produced.
  D) External benefits are a good thing for the allocation of resources because people are getting something at no cost.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

TheDev123

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


Mollykgkg

  • Member
  • Posts: 529
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Alyson.hiatt@yahoo.com

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

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?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Human Heart Model Human Heart Model
The Solar Model The Solar Model
Plasma protein binding and drug availability: (a) drug exists in a free state or bound to plasma pro Plasma protein binding and drug availability: (a) drug exists in a free state or bound to plasma pro
Media Practice Model Media Practice Model
Basbaum and Fields’s (1978) model of the descending analgesia circuit. Basbaum and Fields’s (1978) model of the descending analgesia circuit.
Classical Conditioning and Food Classical Conditioning and Food
Video: Erythropoietin (EPO)

For a complete list of videos, visit our video library