The modern treatment of general equilibrium was pioneered by
A) Kenneth Arrow
B) Gerard Debreu
C) Leon Walras
D) Kenneth Arrow and Gerard Debreu
Correct Answer:
Verified
Q7: The father of general equilibrium theory is
Q15: General equilibrium analysis
A) Concerns competitive equilibrium only
Q16: Suppose milk and cereal are compliments and
Q17: Suppose milk and cereal are compliments and
Q18: Suppose milk and cereal are compliments and
Q21: The first welfare theorem
A) Tells us that,
Q22: A point on the utility possibility frontier
Q23: In an exchange economy
A) People produce goods,
Q24: A point inside the utility possibility frontier
Q25: An allocation of resources is Pareto efficient
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