In the above figure, if the market is competitive and unregulated
A) more than the efficient amount of output will be produced.
B) less than the efficient amount of output will be produced.
C) the efficient amount of output will be produced.
D) the distribution of income will be fair.
B
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Paper currency is a
A) fiat money. B) barter money. C) commodity money. D) bond.
All else held constant, as additional firms enter an industry
A. less output is available at each given price. B. more output is available at each given price. C. the same output is available at each given price. D. output could increase or decrease at each given price.
Political instability is an obstacle to development in:
A. both market and socialist economies. B. neither market nor socialist economies. C. market economies. D. socialist economies.
If diversification is such a good idea for a saver, why do so many people put a lot of their savings in the same bank?
What will be an ideal response?