When comparing point A, which lies within a utilities possibilities frontier, with point B, which lies on the same utilities possibilities frontier,
A) A is necessarily more efficient than B.
B) A is necessarily more equitable than B.
C) B is necessarily more efficient than A.
D) B is necessarily more equitable than A.
C
Economics
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James used $200,00 . from his savings account that paid an annual interest of 10% to purchase a hardware store. After one year, James sold the business for 300,000 . An Economist calculated his profit to be:
a. $300,000 b. $100,000 c. $80,000 d. $20,000
Economics
High prices do not occur in laissez-faire markets.
Answer the following statement true (T) or false (F)
Economics