A Key Assumption in the Classical Model Is

question 98

Multiple Choice

A key assumption in the classical model is

• A)sticky wages.
• B)pure competition exists.
• C)sticky prices.
• D)the government plays a major role in economic problems.

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Definitions:

ISO 14000

A family of standards related to environmental management that exists to help organizations minimize their environmental impact.

Cap and Trade

A market-based approach to controlling pollution that allows companies to buy and sell emission allowances to meet environmental regulations.

Internalize

Refers to the process of incorporating external costs or benefits into a company's decision-making process.

ISO 14000

A family of standards related to environmental management systems and tools designed to help organizations minimize negative effects on the environment.