All mutually beneficial trades have taken place. This implies that
A. economic efficiency prevails in the society.
B. society is on the constant cost portion of its production possibilities curve.
C. the production possibilities curve is bowed out.
D. society is inside the production possibilities curve.
Answer: A
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Prior to the health care reforms passed in 2010, about ________ of all Americans had no health insurance
A) 2% B) 5% C) 15% D) 40%
If a firm is forced to take external costs into account, it will
A) reduce production and charge a higher market price. B) increase production and charge a lower market price. C) reduce prices and hire more workers. D) reduce prices and hire fewer workers.
Traditionally, the age group with the highest rate of savings is the _________.
Fill in the blank(s) with the appropriate word(s).
Which of the following is always correct?
a. Y - I = NCO b. NCO = NX c. NX = I d. All of the above are correct.