Quizzol

QUESTION:

In which of the following cases is the assumption most reasonable?

a. To address the impact of money growth on inflation, an economist assumes that money is strictly coins.

b. To address the impact of taxes on income distribution, an economist assumes that everyone earns the same income.

c. To estimate the speed at which a beach ball falls, a physicist assumes that it falls in a vacuum.

d. To address the benefits of international trade, an economist assumes that there are two countries, each producing two goods.

ANSWER:

b) To address the benefits of international trade, an economist assumes that there are two countries, each producing two goods

Posted by Cleveland on August 29, 2024