Use the table below to answer the following question.UnitsMaximum Willingness to PayMarket PriceMinimum Acceptable Price1$14$8$2212843108648885681064814If output is at 3 units, then the market ________ allocative efficiency and ________ productive efficiency.
A. does not achieve, does not achieve
B. does not achieve, achieves
C. achieves, achieves
D. achieves, does not achieve
Answer: A
Economics
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When the dollar "cost" of a unit of foreign currency falls, the dollar is against the foreign currency.
a. depreciating b. appreciating c. equalizing d. holding its own
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North (1974) finds evidence to suggest that the iron industry was equally dependent on the railroad and iron stove industries for sales revenue at one point in time
Indicate whether the statement is true or false
Economics