In the circular flow model of the market system, households:

The best example of recessions being close to each other in the United States can be found in the

a. 1980s. b. 1970s. c. 1990s. d. 2000s.

When economic efficiency is attained, it implies all of the following, except:

A. Per-unit cost of output produced is at minimum B. Allocative efficiency is achieved C. Total consumer and producer surplus is at a maximum D. The gap between marginal benefits and marginal costs of production is at maximum