Which of the Following Is an Assumption of Neoclassical Economics

question 21

Multiple Choice

Which of the following is an assumption of neoclassical economics?

• A)All citizens deserve just and equal treatment.
• B)Growth is good.
• C)Long- term effects and planning are important.
• D)Resources are finite.
• E)External costs and benefits are valuable.

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Definitions:

Air Pressure Regulator

A device that maintains a constant output air pressure regardless of variations in input pressure and flow requirements.

Pneumatics

The technology or method of using pressurized air to effect mechanical motion or control systems.

RoadRanger

A range of heavy-duty manual transmissions found in large trucks, known for their durability and performance.

Transmission Gear Ratios

The ratio of the gears in a transmission that dictate how much power is transmitted from the engine to the wheels.