The market and public sector are similar in that

A) there is competition among the participants in both sectors.
B) the resources used in both sectors are scarce.
C) the participants in both sectors react to incentives.
D) All of the above are true.


Answer: D

Economics

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How the price of a depletable resource changes over time depends on

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Which of the following best describes an economy with full employment?

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So-called business cycles refer to the multi-year periods:

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Economics