________ occurs when economic benefits are distributed fairly
A) Productive efficiency
B) Allocative efficiency
C) Equality
D) Equity
Answer: D
Economics
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What are the basic arguments of the neoclassical growth theory?
What will be an ideal response?
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If a firm is producing no output in the short run, then its total costs are zero
Indicate whether the statement is true or false
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The quantity of Blu-Ray players purchased declined in spite of a decline in price. This implies that the
a. supply curve for Blu-Ray players shifted to the left. b. demand curve for Blu-Ray players shifted to the right. c. demand curve for Blu-Ray players shifted to the left. d. supply curve for Blu-Ray players shifted to the right.
Economics
Refer to the above table. What are total fixed costs at an output of 3 units?
A. $150 B. $270 C. $120 D. $90
Economics