Author Question: All of the following were classical economists EXCEPT A) Adam Smith B) A. C. Pigou C) David ... (Read 99 times)

BRWH

  • Hero Member
  • *****
  • Posts: 553
All of the following were classical economists EXCEPT
 
  A) Adam Smith
  B) A. C. Pigou
  C) David Ricardo
  D) John Maynard Keynes.

Question 2

When a good causes positive external benefits to accrue to third parties, an unfettered market will
 
  A) under-allocate resources to the good causing the benefit.
  B) over-allocate resources to the good causing the benefit.
  C) cause the equilibrium quantity, established before the benefit is taken into account, to be produced more efficiently.
  D) eliminate such goods.



janeli1

  • Sr. Member
  • ****
  • Posts: 330
Answer to Question 1

D

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Your heart beats over 36 million times a year.

For a complete list of videos, visit our video library