A competitive equilibrium is Pareto-efficient because at the competitive equilibrium,
A) prices have been allowed to adjust.
B) there are no further gains from trade.
C) the final outcome is different from the original inefficient endowment.
D) all members of society can be made better off.
B
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In an economy in with no income taxes or imports, the multiplier equals
A) . B) . C) . D) . E) .
You are closely following the elections in your country this year
The two main candidates who are running for president belong to the two biggest parties that are on opposing ends of the political spectrum—the Conservative Right and the Left Alliance. There are also a few independent candidates. You have decided that you will cast your vote depending on each candidate's stance on various issues like foreign policy, gun rights, taxes, gay marriage, and healthcare. As the campaigns heat up, you notice that the viewpoints expressed by both parties seem to converge to the center rather than being extreme left or right opinions. Given that the candidate with the highest number of votes wins the elections, what do you think could explain this convergence?
An example of a stock would be
A) real GDP. B) savings. C) investment. D) the amount of money in circulation.
Which of the following is true?
a. The size of the national debt currently is about the same size as it was during World War II. b. The national debt increases in size whenever the federal government has a surplus budget. c. The national debt's size decreased steadily after 1980. d. The current U.S. national debt is over $16.0 trillion.