Author Question: An initial allocation of goods is called a(n) A) endowment. B) inheritance. C) pareto set. D) ... (Read 90 times)

karlynnae

  • Hero Member
  • *****
  • Posts: 599
An initial allocation of goods is called a(n)
 
  A) endowment.
  B) inheritance.
  C) pareto set.
  D) general equilibrium goods set.

Question 2

Suppose each worker must use only one shovel to dig a trench, and shovels are useless by themselves. In the short run, an increase in the price of shovels will result in
 
  A) fewer shovels being purchased.
  B) more workers being hired.
  C) a decrease in the firm's output.
  D) no change in the firm's output.



meow1234

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

A

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

For a complete list of videos, visit our video library