In order to increase the capital stock, society must divert ________ that could be otherwise used to increase the current supply of ________.
A. credit; labor
B. money; labor
C. money; consumer goods
D. resources; consumer goods
Answer: D
Economics
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In a market with positive externalities,
A) the efficient level of production is less than what competition will obtain. B) the efficient level of production is equal to what competition will obtain. C) the efficient level of production is more than what competition will obtain. D) there cannot be an efficient level of production.
Economics
It is more profitable for a firm to be_______ than ________
a. In perfect competition; monopolists b. A monopolists; in perfect competition c. Not in business; in business d. All of the above
Economics