It is essential to establish specific criteria to judge the performance of any economic system. Two such criteria are
A) efficiency and equity.
B) profit opportunities and technological progress.
C) efficiency and profit opportunities.
D) technological progress and achieving general equilibrium.
Ans: A) efficiency and equity.
Economics
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The individual supply of a monopolist
a. coincides with the market demand curve. b. is below the market supply curve. c. is below the firm’s average revenue curve. d. coincides with the market supply curve.
Economics
In order to achieve a high economic freedom rating, a country must
What will be an ideal response?
Economics