In a free market system, competition generates economic efficiency only when
A) individuals take into account the full opportunity cost of their actions.
B) consumers are motivated by a sense of the greater good, not their own self-interest.
C) firms are motivated by a sense of the greater good, not their desire for profit.
D) economic decisions are taken out the hands of individuals and placed in the hands of government officials.
Answer: A
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A) transfer payment to the U.S. B) import by China C) transfer payment to China D) export by China
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