Market failure is a term used to describe what happens when market arrangements do not allocate resources efficiently
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Which of the following statements about the public debt is TRUE?
A) It is equal to the budget deficit. B) It decreases when the government runs a budget deficit. C) It is a stock variable. D) all of the above
Economics
Chad is willing to pay $5.00 to get his first cup of morning latté. He buys a cup from a vendor selling latté for $3.75 per cup. Chad's consumer surplus is
a. $8.75. b. $5.00. c. $3.75. d. $1.25.
Economics