If good x is available free of charge, then
a. good x must be provided by nature.
b. good x must be provided by the government.
c. the private market cannot ensure an efficient allocation of resources in the market for good x.
d. government policy is incapable of increasing total surplus in the market for good x.
c
Economics
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Explain the difference between a money-market deposit account and a money-market mutual fund.
What will be an ideal response?
Economics
Use the table below to answer the following question.UnitsMaximum Willingness to PayMarket PriceMinimum Acceptable Price1$14$8$2212843108648885681064814What is the value of economic surplus in the table above?
A. $8 B. $24 C. $12 D. $0
Economics