Firms would not exist if
A) contracts were incomplete.
B) residual income equaled normal profit.
C) income was spontaneously earned.
D) contracts were complete.
D
Economics
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When the economy is getting the most from its scarce resources it is called: a. equity
b. efficiency. c. equality. d. equal shares.
Economics
Which of the following is counted in GDP?
A) the trading of 100 shares of Microsoft stock B) the services of a real estate broker C) government transfer payments D) the sale of a used car E) none of the above
Economics