Question: 8.) We can explain prices by their objective historical cost of production. Which school of economic thought believed this view? A. Neoclassical B. Mercantilists C.

8.) "We can explain prices by their objective historical cost of

8.) "We can explain prices by their objective historical cost of production". Which school of economic thought believed this view? A. Neoclassical B. Mercantilists C. Scholastics D. Aristotelian E. None o the above held this view

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Using computer software, find the least-squares regression line for the data in Problem 4-10. Based on the F test, is there a statistically significant relationship between the demand for guitars and...

QUESTION 1 1 " We can explain prices by their subjective and marginal values." Which school of economic thought believed this view? A . Neoclassical B . Mercantilists C . Scholastics D . Classical E...

1) The view that people are not merely "lightning fast calculators," but instead are creatures of instinct and habit was central to the theories of: (a) neoclassicals (b) institutionalists. (c)...

25.The philosophy that centered on actions that are considered morally right if they tend to promote happiness for all A. Marginalism 8. Economic freedom C. Utilita rianism D. Ethics 26.He argued...

1.All of the following, except one, would cause the aggregate demand curve to shift to the right. Which is the exception? A)An increase in taxes B)An increase in government spending on goods and...

11. Which school of thought believed that long-run equilibrium occurs automatically and is the normal state of affairs in a market economy? A) Keynesians B) Neoclassicists C) Supply-siders D)...

I need a transcript (what I'm going to talk and explain them) for my presentation from this book chapter 10 (page 271-277) "Controversy over regulation of int finance". Please help measap, deadline...

Summarize the article and identify the one (1) alternative/emerging strategy article that you believe is the most important for the practice of strategic management moving forward Explain how ideas...

Executive Memorandum (EM) Guidelines Prepare an executive summary of the papers that is only one page long.The assignment should be typed in Word, font size 11 double spaced, with minimum margins of...

Which theorist/theory of the emergence and role of law best explains law's character and role today? Are there current events, which help illustrate the theorists' claims about how law develops?...

Sorenson Manufacturing Corporation was incorporated on January 3, 2013. The corporations financial statements for its first years operations were not examined by a CPA. You have been engaged to audit...

What are two of the main provisions of FLSA?

Risk that can be eliminated through diversification is called risk. marketisk idiosyncratic risk Systematic risk All of these options are correct.

Revenue and expense data for Rogan Technologies Co. are as follows: (a) Prepare an income statement in comparative form, stating each item for both 2010 and 2009 as a percent of sales. Round to one...

DepreciationStrike, Units-of-Production, Obsolescence Presented below and are three different and unrelated situations involving depreciation accounting. Answer the question(s) at the end of each...

An equimolar liquid mixture of benzene and toluene is separated into two product streams by distillation. A process flowchart and a somewhat oversimplified description of what happens in the process...

In Fig. 3-33, a vector a with a magnitude of 17.0m is directed at angle = 56.0o counter clock-wise from the + x axis. What are the components? (a) ax and (b) ay of the vector? A second co-ordinate...

Effective-Interest versus Straight-Line Bond Amortization on January 1, 2010, Morgan Company acquires $300,000 of Nicklaus, Inc., 9% bonds at a price of $278,384. The interest is payable each...

Among a group of 5 8 programmers, who know either Java or Python or both, 1 5 only know Java and 1 3 only know Python. What is the probability of randomly choosing a programmer who knows both...

Personal role: This consists of service to family and friends.

The role of life: It consists of your own service to yourself.

Competence: What knowledge, skills and attitude do I have towards what I am going to do?