This topic contains a solution. Click here to go to the answer

Author Question: A simplified representation of the real world that is used to explain economic phenomena is a(n) ... (Read 125 times)

RODY.ELKHALIL

  • Hero Member
  • *****
  • Posts: 591
A simplified representation of the real world that is used to explain economic phenomena is a(n)
 
  A) viewpoint.
  B) model.
  C) assumption.
  D) implication.

Question 2

Refer to the above figures. Which of the panels would be consistent with the situation in which external costs exist?
 
  A) Panel 1
  B) Panel 2
  C) Panels 1 and 2
  D) neither panel



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

SamMuagrove

  • Sr. Member
  • ****
  • Posts: 312
Answer to Question 1

B

Answer to Question 2

A




RODY.ELKHALIL

  • Member
  • Posts: 591
Reply 2 on: Jun 29, 2018
Gracias!


nyrave

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

The average adult has about 21 square feet of skin.

For a complete list of videos, visit our video library