A critical assumption made by all economic models is that

a. few economic decision makers face constraints under capitalism
b. few economic decision makers face constraints under communism
c. every economic decision maker, except the extremely wealthy, faces constraints
d. every economic decision maker, except the federal government, faces constraints
e. every economic decision maker faces constraints under every economic system

E

Economics

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The above figure shows a labor market with a minimum wage of $8 an hour. The value of the resources workers are willing to use in their job search equals the distance between point ________ and point ________

A) a; d B) a; b C) b; c D) a; c E) c; d

Economics

How can a combination of goods be unattainable?

What will be an ideal response?

Economics