Which of the following generates allocative efficiency in a market economy?
A) United Nations rules for competition B) equity
C) voluntary exchange between buyers and sellers D) national government intervention
C
You might also like to view...
The U. S. budget has
A. always been in deficit since World War II. B. usually been in deficit, with a few periods of surpluses. C. always in balance. D. in balance, with some period of deficit.
Gross private domestic investment includes
a. purchases of capital goods, all new construction, and purchases of consumer durable goods b. purchases of capital goods, all new construction, and inventory investment c. purchases of capital goods, all new commercial construction, and inventory investment d. purchases of capital goods, all new residential construction, and inventory investment e. purchases of all types of durable goods, all new construction, and inventory investment
Real GDP per person tells us the income and expenditure of the average person in the economy
a. True b. False Indicate whether the statement is true or false
Which of the following is the largest?
a. the future value of $250 with 3% interest for 2 years b. the future value of $250 at 2% interest for 3 years c. the present value of $250 to be paid in two years when the interest rate is 3% d. the present value of $250 to be paid in three years when the interest rate is 2%