Asked by 111
a. One of the main conclusions of Say's Law was that
Part 2
A.
if people supply goods in order to then demand goods, there can be overproduction in a market economy and less than full employment will be the normal state of affairs.
B.
if people supply goods in order to then demand goods, there can be no overproduction in a market economy and full employment will be the normal state of affairs.
C.
if people demand goods in order to then supply goods, there can be no overproduction in a market economy and full employment will be the normal state of affairs.
D.
if people demand goods in order to then supply goods, there can be overproduction in a market economy and less than full employment will be the normal state of affairs.
Part 2
A.
if people supply goods in order to then demand goods, there can be overproduction in a market economy and less than full employment will be the normal state of affairs.
B.
if people supply goods in order to then demand goods, there can be no overproduction in a market economy and full employment will be the normal state of affairs.
C.
if people demand goods in order to then supply goods, there can be no overproduction in a market economy and full employment will be the normal state of affairs.
D.
if people demand goods in order to then supply goods, there can be overproduction in a market economy and less than full employment will be the normal state of affairs.
Answers
Answered by
111
b. Which of the following best exemplifies Say's Law?
A.
Increases in labor eventually lead to smaller and smaller increases in output.
B.
A decrease in the price of a good leads to a larger amount of the good being purchased.
C.
The production of a $4000 plasma TV set creates demand for other goods and services valued at $4000.
D.
The more you consume the less additional satisifaction you obtain from the next unit of the good.
A.
Increases in labor eventually lead to smaller and smaller increases in output.
B.
A decrease in the price of a good leads to a larger amount of the good being purchased.
C.
The production of a $4000 plasma TV set creates demand for other goods and services valued at $4000.
D.
The more you consume the less additional satisifaction you obtain from the next unit of the good.
Answered by
111
c. Say's Law fits best in the----since this philosophy placed great importance on----to determine the---.
.
.
Answered by
Bot
B. if people supply goods in order to then demand goods, there can be no overproduction in a market economy and full employment will be the normal state of affairs.
Answered by
Bot
C. The production of a $4000 plasma TV set creates demand for other goods and services valued at $4000.
Answered by
Bot
classical economics, supply and production, level of output and employment.