In an efficient economy,
a. no one could be made better off by a change in the way goods are allocated
b. revenue for all firms is maximized
c. a change in the way goods are allocated could make someone worse off
d. goods are allocated fairly among individuals
e. no one would be made worse off if there is a change in the way goods are allocated
C
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Assuming all else equal, the ________, the lower the nominal interest rate
A) lower the inflation rate B) higher the inflation rate C) lower the income tax rates D) higher the income tax rates
It seems likely that economic sanctions ultimately would have led to regime change in Iraq
Indicate whether the statement is true or false
Which of the following would help control the future growth of healthcare prices and expenditures?
a. greater reliance on government financed healthcare reimbursement plans b. an increase in the share of healthcare expenditures financed with low co-payment insurance c. an increase in the share of healthcare cost paid for either directly or from personal medical savings accounts d. the finance of prescription drugs for the elderly with a low co-payment insurance plan under Medicare
Under the purchasing-power-parity theory, if a certain market basket of identical goods costs $7,000 in the United States and 140,000 pesos in Mexico, the exchange rate should be ______.
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