Substantivist approach in economics differs from formalist

Reference no: EM13171529

The substantivist approach in economics differs from the formalist view by:

A) assuming that all peoples act to maximize their individual gains

B) focusing on supply and demand economics as opposed to price fixing

C) maintaining that formal mathematical theories and models of economics can be applied to every economy in the world

D) suggesting that money is the prime mover in all economic systems

E) maintaining that the ways of allocating goods and services in small-scale so¬cieties differ fundamentally from those of large-scale Western economic sys¬tems

Reference no: EM13171529

Questions Cloud

How many atoms of neon occupy a volume of 14.3 l at stp : How many atoms of neon occupy a volume of 14.3 L at STP?

Explain the firms performance per the financial statement : Explain the firm's performance per the financial statement you selected, as well as how that financial statement should best be used by management to make informed business decisions.

Compute the ph of the buffer solution that results mixing : Calculate the pH of the buffer solution that results from mixing 65.0 mL of 0.15 M HCHO2 with 40.0 mL of 0.13 M NaCHO2

Determine the ph of a sodium acetate : Determine the pH of a 0.432 M sodium acetate (NaC2H302) solutions

Substantivist approach in economics differs from formalist : The substantivist approach in economics differs from the formalist view by

Find what is specific heat of metal : placed in 1.00*10^3 g of water at 25C. final temp of this mixture was 26.3C. What is specific heat of metal?

Compute the concentration of hydroxide ions : Calculaw the concentration of hydroxide ions in stomach acid at body temperature. ([H3O^+]=0.10M)

Which organism adjusts successfully to specific environment : The process in which an organism adjusts successfully to a specific environment is called

Compute the change internal energy for a system : calculate the change internal energy (E) for a system that is giving off 45.0kJ of heat and is performing 855J of work on the surroundings.

User Account

All Pages