Utilitarianism is the idea that only
A) competition brings efficiency.
B) efficiency brings equality.
C) income equality is fair.
D) efficiency is fair.
C
Economics
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If the exchange rate changes from $0.08 = 1 mexican peso to $0.09 = 1 mexican peso, then
A) the peso has depreciated and the dollar has appreciated. B) both the peso and dollar have appreciated. C) both the peso and dollar have depreciated. D) the peso has appreciated and the dollar has depreciated.
Economics
Refer to the above figure. Which panel represents a monopolistic competitor that is earning zero economic profits?
A) Panel A B) Panel B C) Panel C D) Panel D
Economics