what is the history of neoclassical economics​

Answers

Answer 1

ANSWER & EXPLANATION:

What Is Neoclassical Economics?

Neoclassical economics is a broad theory that focuses on supply and demand as the driving forces behind the production, pricing, and consumption of goods and services. It emerged in around 1900 to compete with the earlier theories of classical economics

ECONOMY  ECONOMICS

Neoclassical Economics

By WILL KENTON  Reviewed by ROBERT C. KELLY

 Updated Jun 4, 2021

What Is Neoclassical Economics?

Neoclassical economics is a broad theory that focuses on supply and demand as the driving forces behind the production, pricing, and consumption of goods and services. It emerged in around 1900 to compete with the earlier theories of classical economics.

 

KEY TAKEAWAYS

Classical economists assume that the most important factor in a product's price is its cost of production.

Neoclassical economists argue that the consumer's perception of a product's value is the driving factor in its price.

They call the difference between actual production costs and retail price the economic surplus.

One of the key early assumptions of neoclassical economics is that utility to consumers, not the cost of production, is the most important factor in determining the value of a product or service. This approach was developed in the late 19th century based on books by William Stanley Jevons, Carl Menger, and Léon Walras.

 

Neoclassical economics theories underlie modern-day economics, along with the tenets of Keynesian economics. Although the neoclassical approach is the most widely taught theory of economics, it has its detract

CLIICK THE LINK FOR MORE INFORMATION https://www.investopedia.com/terms/n/neoclassical.asp


Related Questions

27
Select all the correct answers.
Which two factors led to Latin American revolutions?
the successful French Revolution
the invasion of Spain by the French
the invasion of North America by England
the successful Spanish Revolution

Answers

The successful French Revolution and the invasion of Spain lead to the revolutions of Latin America. Spain’s Colonies felt that they could not be supported by Spain thus they declared independence.

Please help !!!!
The graph of f(x) = 6* is shifted vertically 4 units up. The resulting graph can be represented by which function?
f(x) = 6 *-4
f(x) = 6 *+4
f(x) = 6 * - 4
f(x) = 6 * + 4

Answers

Answer:

I learned this recently. If we are moving a graph upwards, our equation will actually f(x)=6*-4. it's a negative 4 because the rule is to think in opposites. To see if I'm right, go to the website desmos and use their grapher and it should confirm what I'm saying. My teacher drilled the opposite rule in my head

Why did the Erie Lake of America become Dead Lake?

Answers

Answer: Tourism and fishing, both recreational and commercial fishing (primarily along the Canadian shore) are important elements of the economy of Lake Erie. During the 1960s, Lake Erie was declared a “dead lake” due to eutrophication and pollution.

Hey Brainly users, I could use some help;

Why did the United States industrialize after Britain?

A. It was politically unstable.
B. It lacked access to new inventions.
C. It had not been allowed to manufacture goods.
D. It had a much smaller population.

Answers

Answer: The answer is C. it had not be allowed to manufacture goods.

Explanation:

The United States also benefited from conflict with Britain. During the War of 1812, Britain stopped shipping goods to the United States. As a result, American industries began to make many of the goods that Americans wanted.

have a great day! ^-^

The main reason why the United States industrialized after Britain was:

C. it had not be allowed to manufacture goods.

Based on the given question, we can see that the main reason why the United States decided to industrialize Britain was because they were not allowed to manufacture goods.

This was the one of the benefits which they gained from Great Britain during the War of 1812 and they took advantage of the industries in Britain.

Therefore, the correct answer is option C

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who is your favorite ninja from ninjago

Answers

Lloyd or Jay fo sure

Answer:

Nya :D

Explanation: she is very cool

Which written set of laws that applied to everyone under a government was written during the
Babylonian Empire in Mesopotamia?
O Hieroglyphics
O Epic of Gilgamesh
O Hammurabi's Code
O cuneiform

Answers

Answer:

Hammurabi code

Explanation:

The Declaration of the Rights of Man and Citizen was rejected by philosophes. was issued by Louis XVI to end the rebellion. owed much to the American Declaration of Independence. kept all aristocratic privileges intact.

Answers

Answer: Owed much to the American Declaration of Independence

Explanation: The ideas that people are born free and have equal rights, as well as the rights of liberty, property, security, and resistance to oppression, are all similar to those ideas expressed in the Declaration of Independence.

please help quickkk!!

Answers

Answer:

C is the answer bro you can tick it

Answer:

it's is A..........................

what is the importance of human occupational value in individual and social life​

Answers

Occupation provides the mechanism for social interaction, and societal development and growth, forming the foundation stone of communal, local and national identity, because not only do individuals engage in separate pursuits, they are able to plan and execute group activity to the extent of national government or to .

Answer:

Occupation provides the mechanism for social interaction, and societal development and growth, forming the foundation stone of communal, local and national identity, because not only do individuals engage in separate pursuits, they are able to plan and execute group activity to the extent of national government.

what is the name of the tallest man in the world. and the shortest women on earth​

Answers

Answer:

Robert Wadlow

Jyoti Kisanji Amge,

Explanation:

1.How many earth years does it take Neptune to orbit the Sun?

a.99.9
b.123
c.164.8
d.5
2.In terms of land area, what is the smallest capital city in the world?

a.Ankarat
b.Vatican City
c.Cardiff
d.Nuuk
3.Where did the Battle of Hastings take place?

a.Hastings
b.Waterloo
c.Battle
d.Gettysburg

Answers

C) 164.8

b) vatican city

a) Hastings

___________

C. 164.8

B. vatican city

a. hastings

How did labor unions begin to change during the 1930s? A. Instead of being job-specific, they were industry wide B. Instead of being segregated, they became interracial C. Instead of being popular, they became disliked and untrusted D. Instead of being for unskilled workers, they focused on skilled work

Answers

It’s D I did the test and got it right

During the 1930s, labor unions began to change instead of being job-specific, they became industry-wide. Hence, Option (B) is correct.

In the 1930s, there was a significant shift towards industrial unionism, where labor unions sought to organize workers across entire industries rather than focusing on specific job categories.

This approach aimed to unite workers within an industry, regardless of their specific occupation or skill level, in order to gain collective bargaining power and address broader labor issues.

This change was exemplified by the rise of large industrial unions such as the Congress of Industrial Organizations (CIO), which successfully organized workers across different trades and industries.

This shift towards industry-wide unionization marked a significant departure from the more fragmented and job-specific unions of the past.

Thus, instead of being job-specific, they were industry-wide, accurately describing the change that occurred within labor unions during the 1930s.

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Which idea is included in the concept of natural law

Answers

Answer:

the idea is; natural laws are universal concept and are not based on any culture or custom

A work Visa would be obtained by
which of the following people?
A. American citizens
B. Illegal immigrants
C. Illegal migrants
D. Braceros
Copyright © 2003 - 2001 Acellus Corporation. All Rights Reserved.

Answers

The correct answer is braceros

Which empire was in competition with England over the New World? Which religion were they attempting to diminish?

Answers

Answer:

Explanation:

The Pilgrims

The Church of England or Anglican Church was a Protestant form of Christianity and the official religion of England. Anglicanism spread to the New World and became popular throughout Colonial America during the early colonial period.

What was not something which was called for by Russian protestors in January 1905?
- End of the war with Japan
- Shorter work day
- More voting rights
- End to military conscription

Answers

More voting rights would be correct
- More voting rights

Who was the first king of Nepal.​

Answers

Explanation:

Who was the first king of Nepal.

=> King prithvi Narayan Shag was the first king of Nepal .

King Prithvi Narayan shah was born in Gorkha District of Nepal .

From small different places he made whole Nation now It's called Nepal .

Hope it is helpful to you

✌️✌️✌️✌️✌️✌️✌️

What was one cause of Shays’s Rebellion?

Answers

Answer:

the cause of Shay's rebellion was money

Answer:

Massachusetts refused to help farmers in debt.

Explanation:

2. List out the differences between the Pagoda style and the Stupa style architectures.​

Answers

Answer:

pagoda style

1. the pagoda style is a multi tired temple with multiple roof.

2. pagoda style is the oldest in asia continent.

3. its shape is like a mountain,fir tree.

4.the design of pagoda style temple mostly refers to hindu or buddhists temple.

stupa style

1. the stupa style is ("stupa"is sanskrit for heap").

2. it is an important form of buddhist architecture.

3. it is generally considered to be a sepulchral monument.

4. it is a dirt burial mound faced with white stone

i think it may help you

if there is any mistake you can tell me

How will our planet change in 10 years?

Answers

Answer:

According to the IPCC, the world's carbon emissions have to fall by 45% by 2030 to keep the world's average temperature from rising more than 1.5 degrees Celsius above pre-industrial levels. So the next 10 years are crucial for any efforts to slow this trend.

Explanation:

may this answer is helpful for you

What was a long-term effect of the events pictured in the map?
O Migration of settlers from Texas into Mexico
O Congress voted to go to war with Mexico
O Increased military presence on the Texas/Mexico border
O Established the Southern border of the United States

Answers

Answer:

I say your best bet is D

Explanation:

A long-term effect of the events pictured on the map is Establishing the Southern border of the United States. Thus the correct option is D.

What is a map?

A map is referred to as a pictorial representation of different places used to identify the direction and reach the next location. They help the user to identify sea, rail routes, and roads to reach the destination.

The treaty of Guadalupe Hidalgo, signed on February 2, 1848, put an end to the conflict between the United States and Mexico. As part of the agreement, Mexico surrendered its assertions to Texas and acknowledged the Rio Grande as the country's southern border.

In 1854, the United States and Mexico signed the Gadsden Purchase, a deal that attempted to settle disputes and supply the land needed for a southern transcontinental line.

Therefore, option D is appropriate.

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The military districts shown on the map were created during Reconstruction to
A
create economic and social equality in the South.
B
pay for the physical rebuilding of the South
move Native American Indians to reservations.
D
govern the former Confederate states.

Answers

Govern the former Confederate states (because they resented the Union's authority and overbearingness).

The military districts shown on the map were created during the Reconstruction Era to govern the Confederate States. Hence, option D is appropriate.

What is the Reconstruction Era?

The Reconstruction era has been referred to as the time from the American Civil war days to the Era of Compromise. Broadly speaking, the Reconstruction Era went on from 1865-1890. The reconstruction Era was a phase of great historical value in the Americas.

The main and most important thing was that during the Reconstruction Era, the African Americans, or the number of slaves who had been freed were now being put under the citizenship of the United States. It was in simpler terms patch up where the newly freed southern states of the African American slaves were to be incorporated within the Union.

The Reconstruction Era saw various discrepancies between the Federal government and the government of the states. The Reconstruction Era sought to merge African Americans with that Whites. Hence, option D is correct.

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What was the unemployment rate during the Great Depression in the United States?

Answers

Explanation:

As the above graph indicates the economy descended from full employment in in 1929 where the unemployment rate was 3.2 percent into massive unemployment in 1933 when the unemployment rate reached 25 percent. The first question is why was there such high unemployment in 1933

The largest group of immigrants to come to the Americas in the 1800s was the __________.
a.
French
c.
Irish
b.
Italians
d.
Russians


Please select the best answer from the choices provided

A
B
C
D

Answers

Answer:

C

Explanation:

Germans and Irish were the two largest groups of immigrants to the United States. The Germans and Irish were frequently subjected to anti-foreign prejudice and discrimination.

Answer:

c. irish

Explanation:

What was the name of the government that Napoleon formed in France in 1799?

Answers

Answer:

whit minority

hope it help you

Answer: consulate

Ur welcome

Nahuatl is the language spoken by the Nahua ethnic group that is found today in Mexico, but with deep historical roots. You might know one Nahua group: the__________________, more accurately called the Mexica. The Mexica were one of many Mesoamerican cultural groups that flourished in Mexico prior to the arrival of Europeans in the sixteenth century.

Answers

Answer:

The Aztec

Explanation:

The Aztec were a thriving Pre-Columbian civilization located in Mexico. The language the spoke is known as Nahuatl, and is still spoken today by a small number of people. Nahuatl is a distinct language from that spoken by the Maya, and Olmec who came before the Aztecs. The Aztec were arguably the most important Nahua group due the size and influence of their empire.  Although the term Aztec is more common in English speaking countries, Mexica is sometimes used to refer to the group.

Which statement is false?
A. Mali controlled trade in West Africa from its capital in Timbuktu.
B. Mali's trading capital of Timbuktu was never captured.
.C. Mali's trade was largely based on gold.
D. Mali's trade was so extensive that it reached to Arabia.

Answers

C. Mali’s trade was largely based on gold

the answer is B……

i took the quiz

Which primary source document could help a historian understand why the US Civil War started?

Answers

answer: The primary source document that could help a historian understand why the US Civil War started is a Charleston Mercury editorial published in 1860 because it contains factual accounts of the events during that time.

A Charleston Mercury editorial from 1860, which includes accurate details of the time's events, is a primary source text that might aid historians in understanding why the US Civil War began.

What is the US Civil War?

The Union and the Confederacy fought each other in the American Civil War, which took place in the United States. Slavery's legal position, particularly its spread into new areas obtained as a result of the Louisiana Purchase and the Mexican-American War, was the main driver of the conflict.

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Which party started as the
Democratic-Republicans?
A. Democratic
B. Republican
C. Whig

Answers

Answer:

Whig

Explanation:

Whig



Hope this helps :)

How did the bonus army in Washington, D.C. respond to being told they were not getting their $500 in 1932?

Answers

Answer:

$500ugdduotddu?yतेद्यिस्फ्ल्फ्य

Answer:

World War I victory, the US government guaranteed in 1924 that veterans would get a bonus in 1945. The "Tombstone Prize" was another name for the bonus.

Explanation:

The "Tombstone Prize" another name for the bonus-If there was an official start to the movement, it would have been in Portland, Oregon. By May 17, 1932, 400 veterans had assembled there, led by a fellow veteran, Walter M. Waters. They started their long journey to Washington on a freight train that the rail authorities had provided them for free. They hitched rides and walked the rest of the way to Washington after getting off the train in Iowa on May 18. Smaller splinter parties made their own way to the capital. Around 1,500 men, some with their families, had arrived in Washington by June 1.

The veterans received their bonus four years later, in 1936, when Congress overrode President Franklin D. Roosevelt's veto. While World War II was still going on, Congress established the G.I. Bill in 1944 to help veterans get a better education.

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