A perfectly free market system may not be efficient in terms of minimizing pollution, unsafe working conditions, unfair hiring practices, and a grossly uneven distribution of wealth.
Indicate whether the statement is true or false.
Answer: True
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Who is "selling short"?
A) The grocer who sells a pound of apples today at a slashed price of 75 cents a peck B) The airline requiring you to pay for your ticket two weeks in advance of the flight C) The church that provides a free Thanksgiving dinner to the poor D) All of the above.
Financial markets and financial intermediaries comprise the financial system
Indicate whether the statement is true or false
Our merchandise balance of trade has been negative since the year
A. 1971. B. 1976. C. 1981. D. 1986.
Which of the following statements is true?
A) If the price of a good is lowered and total revenue decreases, demand is elastic. B) If the price of a good is raised and total revenue does not change, demand is perfectly elastic. C) If the price of a good is raised and total revenue increases, demand is inelastic. D) If the price of a good is lowered and total revenue increases, demand is inelastic.