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

Author Question: A subsidy is sometimes used by government to correct the problems associated with A) negative ... (Read 348 times)

debasdf

  • Hero Member
  • *****
  • Posts: 570
on: Jun 29, 2018
A subsidy is sometimes used by government to correct the problems associated with
 
  A) negative externalities.
  B) positive externalities.
  C) internal benefits.
  D) external benefits.

Question 2

Explain what economists mean when they apply the rationality assumption.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Bsand8

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

The rationality assumption means that people do not intentionally make themselves worse off. It does not deal with the interior reasoning of a person or the psychology of a person. Instead, rationality applies to the way people actually behave in a world of scarcity.


debasdf

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Jun 29, 2018
Thank you


Bsand8

  • Sr. Member
  • ****
  • Posts: 327
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Each of the eight injectors shown are producing a correct spray pattern for the applications. While ... Each of the eight injectors shown are producing a correct spray pattern for the applications. While ...
The cell wall of a Gram-negative bacterium, E. coli The cell wall of a Gram-negative bacterium, E. coli
Suppressing Negative Emotions Suppressing Negative Emotions
Positive and Negative Reinforcement Positive and Negative Reinforcement
Word Problems Algebra Questions Help pls Word Problems Algebra Questions Help pls
Proportional reasoning word problems Proportional reasoning word problems
Video: Egg and Sperm Formations in Animals Animation

For a complete list of videos, visit our video library