Which of the following is not a critique of the neoclassical model
A) rush- hour traffic is a form of excess demand
B) taxes are partially passed on to consumers
C) distribution of property rights is not determined
D) unemployment exists
Correct Answer:
Verified
Q47: The neoclassical model of supply and demand:
A)cannot
Q48: Property rights:
A)require resources in order to be
Q49: National Defense is largely provided by public
Q50: The rules of the game refer to:
A)how
Q51: If transactions costs exist, then the following
Q53: A major problem which plagues cost- benefit
Q54: The fact that stolen goods command lower
Q55: Possible solutions to the misallocations created by
Q56: When private solutions to externalities are not
Q57: A rivalrous good is one for which:
A)consumption
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