Which of These Is NOT an Exercise in General Equilibrium

question 25

Multiple Choice

Which of these is NOT an exercise in general equilibrium analysis?

• A) A discussion of factors within the wheat market that influence wheat prices
• B) An analysis of the effects of changes in oil prices upon the natural gas market
• C) An evaluation of relationships between the markets for tires and automobiles
• D) none of the above

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Definitions:

Ownership

The legal right or title to an asset or property, granting the owner control and decision-making powers over it.

Arbitration

A form of alternative dispute resolution where a neutral third party hears evidence from the disputants and makes a decision that can be binding.

Traditional Litigation

The process of resolving disputes by bringing them to court, as opposed to alternative dispute resolution methods.

Criticisms

The expression of disapproval based on perceived faults or mistakes.