One common source of market failure is:
A. perfect competition.
B. pollution.
C. perfect information.
D. private goods.
Answer: B
Economics
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GDP is a measure of the total output of an economy.
Answer the following statement true (T) or false (F)
Economics
The Bureau of Labor Statistics reported the data in the table above for October 2003
a) Calculate the number of people unemployed. b) Calculate the number of people who are not in the labor force c) Calculate the unemployment rate. d) Calculate the labor force participation rate.
Economics
A price that discourages entry is called a
A) fair price B) limit price C) minimum price D) all of these choices
Economics
Contrast demand-pull inflation with cost-push inflation.
What will be an ideal response?
Economics