Which of the following include fundamental ideas of heterodox economics?
A) A system may have multiple equilibria, or no equilibrium at all.
B) In the face of complexity, economists should embrace the precautionary principle.
C) Human welfare cannot be accurately represented by an aggregate welfare function.
D) Complexity must be explicitly recognized; it cannot be assumed away.
E) All of the above.
Correct Answer:
Verified
Q19: James Lovelock's (1972) famous Gaia hypothesis states
Q20: Microfoundations are:
A) the rules that guide human
Q21: Which of the following statements correctly describes
Q22: Which of the following describes an economist
Q23: Which of the following statements refers to
Q24: A hypothesis:
A) is not falsifiable.
B) is synonymous
Q25: The holistic approach is most compatible with:
A)
Q26: Holistic models are:
A) systemic.
B) dynamic.
C) multi-disciplinary.
D) All
Q28: Which of the following statement(s) is(are) true?
A)
Q29: Which of the following statement(s) is(are) true
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents