All of the following are assumptions of the classical model EXCEPT
A) inflexible wages. B) self-interest of economic actors.
C) pure competition. D) absence of money illusion.
A
Economics
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By making exchange ________, money allows for specialization and higher ________
A) more difficult; costs B) more difficult; productivity C) easier; costs D) easier; productivity
Economics
The figure above shows the market for college education. The efficient quantity of education is
A) 0 students. B) 4 million students. C) 6 million students. D) more than 6 million students. E) more than 4 million students and less than 6 million students.
Economics