The primary criterion used to analyze the desirability of outcomes in Economics is
a. sustainability
b. equity.
c. predictability.
d. efficiency.
d. efficiency.
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There are many firms in an oligopolistic market
Indicate whether the statement is true or false
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
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.
Deadweight loss
What will be an ideal response?