A currency depreciation
a. reduces aggregate demand and increases aggregate supply.
b. reduces aggregate demand and aggregate supply.
c. increases aggregate demand and reduces aggregate supply.
d. increases aggregate demand and aggregate supply.
c
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Market economies are not constrained by scarcity; only planned economies have that problem
a. True b. False Indicate whether the statement is true or false
About ____ of the world's population subsists on no more than $2 a day.
A. one tenth. B. one quarter. C. one third. D. one half.
In a sporting goods store, you can buy the equipment you want and forgo the rest. But in an election you "buy" the entire range of the candidate's positions, including some you may not agree with. This difference:
A. reflects limited and bundled choices in the public sector. B. describes the paradox of voting. C. describes the principal-agent problem in the public sector. D. creates bureaucratic inefficiency in the public sector.
Why does competition force firms to use the least-cost, most efficient, productive techniques?
Please provide the best answer for the statement.