Division of labor allows people to do tasks for which they have greater natural ability
a. True
b. False
A
Economics
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Governments can address the adverse selection problem in the health insurance market by requiring all its citizens to have health insurance
Indicate whether the statement is true or false
Economics
What conditions must be satisfied if resources are used efficiently?
What will be an ideal response?
Economics
A demand curve shows the relationship between:
a. price and quantity demanded. b. the demand and supply schedules. c. demand and supply equilibrium. d. leakages and injections. e. price and technology.
Economics
Which of the following is a shortcoming of GDP?
A. GDP excludes changes in inventories. B. GDP includes an estimate of illegal transactions. C. GDP excludes nonmarket transactions. D. GDP excludes business investment spending.
Economics