The primary criterion used to analyze the desirability of outcomes in Economics is

a. sustainability
b. equity.
c. predictability.
d. efficiency.


d. efficiency.

Economics

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There are many firms in an oligopolistic market

Indicate whether the statement is true or false

Economics

In order to change the money supply, the Fed might use which of the following tools?

A. Dual mandate B. Reserve requirement C. Fiscal policy D. Deficit spending

Economics

If two consumption bundles lie on the same indifference curve, then:

A. the consumer prefers the bundle that is farthest from the origin. B. the consumer does not prefer one bundle over the other. C. the consumer prefers the bundle that is farthest to the right on the indifference curve. D. the consumer prefers the bundle that is farthest to the left on the indifference curve.

Economics

Deadweight loss

What will be an ideal response?

Economics