« previous next »

Author Question: An initial allocation of goods is called a(n) A) endowment. B) inheritance. C) pareto set. D) ... (Read 27 times)

karlynnae

  • Hero Member
  • *****
  • Posts: 599
on: Jul 1, 2018
An initial allocation of goods is called a(n)
 
  A) endowment.
  B) inheritance.
  C) pareto set.
  D) general equilibrium goods set.

Question 2

Suppose each worker must use only one shovel to dig a trench, and shovels are useless by themselves. In the short run, an increase in the price of shovels will result in
 
  A) fewer shovels being purchased.
  B) more workers being hired.
  C) a decrease in the firm's output.
  D) no change in the firm's output.


meow1234

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Cerebral angiography. The four angiograms each reveal the distribution of blood vessels supplying th Cerebral angiography. The four angiograms each reveal the distribution of blood vessels supplying th
Genital herpes—U.S. initial visits to physicians' offices, 1866–2009. Genital herpes—U.S. initial visits to physicians' offices, 1866–2009.
Schematic drawing of initial/terminal (I/T) lymph vessel. Schematic drawing of initial/terminal (I/T) lymph vessel.
Inheritance Inheritance
Draw an Edgeworth box for two consumers over two goods Draw an Edgeworth box for two consumers over two goods
Polygenic inheritance of wheat kernel color controlled by two additive genes Polygenic inheritance of wheat kernel color controlled by two additive genes
Video: Michaelis–Menten equation & Kinetic parameters

For a complete list of videos, visit our video library