What were the main characteristics of the neoclassical school of economic thought? A focus on the allocation of scarce resources to achieve optimal...
What were the main characteristics of the neoclassical school of economic thought?
A focus on the allocation of scarce resources to achieve optimal results
A rejection of the classical concern with economic growth
An adherence to the principle of substitution
A utilitarian approach based on the maximization of utility
a) I and II are correct.
b) II and III are correct.
c) I, III, and IV are correct.
d) All of the above are correct.
A focus on the allocation of scarce resources to achieve optimal results
A rejection of the classical concern with economic growth
An adherence to the principle of substitution
A utilitarian approach based on the maximization of utility
a) I and II are correct.
b) II and III are correct.
c) I, III, and IV are correct.
d) All of the above are correct.
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