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Author Question: Governments use microeconomic models to A) predict the impact of a policy before adopting it. B) ... (Read 67 times)

jjjetplane

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Governments use microeconomic models to
 
  A) predict the impact of a policy before adopting it.
  B) consider the tradeoff between clean air and a high level of GDP.
  C) determine the tradeoff between equity and efficiency.
  D) All of the above.

Question 2

Economic models are only applicable to free-market countries.
 
  A) False. Economic models are applicable wherever there is scarcity.
  B) True. Economic models are applicable only when private citizens are free to make their own decisions.
  C) False. Economic models are applicable in all countries with more than one million people, regardless of political structure.
  D) True. Economic models are only applicable when government is small relative to the rest of the economy.


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braelync

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jjjetplane

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


peter

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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