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Author Question: All of the following were classical economists EXCEPT A) Adam Smith B) A. C. Pigou C) David ... (Read 86 times)

BRWH

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on: Jun 29, 2018
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

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


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