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

Author Question: A simplified representation of the real world that is used to explain economic phenomena is a(n) ... (Read 108 times)

RODY.ELKHALIL

  • Hero Member
  • *****
  • Posts: 591
on: Jun 29, 2018
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
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


RODY.ELKHALIL

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

DylanD1323

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
Healthy Eating around the World Many countries Healthy Eating around the World Many countries
Psychological Dimensions of the Visual World Psychological Dimensions of the Visual World
economic economic
economic question economic question
Nonanthropoid Primates: Old World Monkey Nonanthropoid Primates: Old World Monkey
Video: Brief Summary on Photosynthesis - Animation

For a complete list of videos, visit our video library