If firms are producing efficiently, but consumers can reallocate goods amongst themselves,
A) the equilibrium is not efficient.
B) the equilibrium is efficient.
C) the consumers are behaving irrationally.
D) the firms are too greedy.
A
Economics
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In the table above, the unemployment rate is
A) 12 percent. B) 10 percent. C) 8 percent. D) 6 percent. E) 11 percent.
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The relationship among interest rates on bonds that are otherwise similar but that have different maturities is known as the
A) term structure of interest rates. B) risk structure of interest rates. C) term premium. D) Treasury bond coupon.
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Define a contract and explain with examples
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A decrease in labor costs will cause aggregate ________.
A. demand to decrease B. supply to decrease C. supply to increase D. demand to increase
Economics