Efficiency refers to whether a market outcome is fair, while equality refers to whether the maximum amount of output was produced from a given number of inputs
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Of the relationships below, which is the least stable?
A) consumption B) investment C) net exports D) saving
Economics
One reason why purchasing power parity may not work perfectly is that some goods, because of their nature, are difficult to trade
a. True b. False
Economics
Which of the following types of money has intrinsic value?
A. Commodity money B. Fiat money C. Both commodity and fiat money D. None of the above is correct.
Economics
Money is:
A. a proven cognitive bias. B. not fungible, meaning it can be easily exchanged or substituted. C. an alternative to implicit costs. D. fungible, meaning it is easily exchangeable or substitutable.
Economics