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Author Question: Which of the following illustrates the concept of external benefit? A) Good weather increases the ... (Read 27 times)

cherise1989

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on: Jun 29, 2018
Which of the following illustrates the concept of external benefit?
 
  A) Good weather increases the size of the wheat crop.
  B) A new pesticide increases the size of the wheat crop.
  C) A gardener enjoys his flowers.
  D) Neighbors enjoy a gardener's flowers.

Question 2

A classical economist believes that
 
  A) if the economy was left alone, it would rarely operate at full employment.
  B) the economy is self-regulating and always at full employment.
  C) the economy is self-regulating and will normally, though not always, operate at full employment if monetary policy is not erratic.
  D) the economy is self-regulating and will normally, though not always, operate at full employment if fiscal policy is not erratic.


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abctaiwan

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

D

Answer to Question 2

B


cherise1989

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Reply #2 on: Jun 29, 2018
Correct answers!


abctaiwan

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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