Which of the following occurs when a market is efficient?
A) Producers earn the highest income possible.
B) Production costs equal total benefit.
C) Consumer surplus equals producer surplus.
D) Scarce resources are used to produce the goods and services that people value most highly.
E) Every consumer has all of the good or service he or she wants.
D
Economics
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When the Dutch East India Company was founded in 1602, it raised financial capital by issuing notes of indebtedness called
A) stocks. B) bonds. C) funds. D) notes.
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Contractionary fiscal policy is designed to combat demand-pull inflation and consists of a decrease in government spending and/or an increase in taxes
a. True b. False Indicate whether the statement is true or false
Economics