The greater the economic freedom in a country, the higher is the index of human development
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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What will be an ideal response?
Economics
If a purely competitive firm is producing where price exceeds marginal cost, then:
A. the firm will fail to maximize profit, but resources will be efficiently allocated. B. the firm will fail to maximize profit and resources will be overallocated to the product. C. the firm will fail to maximize profit and resources will be underallocated to the product. D. resources will be underallocated to the product, but the firm will maximize profit.
Economics