Which is not a pillar of the neoclassical approach?
A) Pareto efficiency
B) positive economics
C) methodological individualism
D) equilibrium
E) rational choice
Correct Answer:
Verified
Q19: If the price of capital decreases,the labor
Q20: A mathematical model
A) contains only exogenous variables.
B)
Q21: If wages are below the wage level
Q22: Which of the following is not true
Q23: The marginal concept is important in economics
Q25: Workers in an industry are probably overpaid
Q26: If an economy has reached the general
Q27: Pareto efficiency implies
A) everyone in the economy
Q28: Suppose an agent values the future but
Q29: When a rational choice model is applied,the
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