Under a system of free, competitive markets,
a. a society can usually achieve efficiency only at the expense of equality.
b. poverty cannot exist in the long run.
c. employers do not practice statistical discrimination.
d. income is distributed equally across the population.
a
Economics
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The intuition behind the budget constraint is that
A) more options are preferred to less. B) money is the root of all happiness. C) information is power. D) scarcity is avoidable with prosperity.
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All the below choices are examples of promoting a firm's product, except
a. Advertising b. Pricing c. Discount coupons d. End-of-aisle displays
Economics