If firms are producing efficiently, but consumers can reallocate goods amongst themselves,
A) the equilibrium is not efficient.
B) the equilibrium is efficient.
C) the consumers are behaving irrationally.
D) the firms are too greedy.
A
Economics
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If you double input, output more than doubles.
What will be an ideal response?
Economics
If domestic savings is less than domestic investment, then
A) reserve assets will increase. B) the government runs a budget deficit. C) there will be negative foreign investment. D) a trade surplus must result.
Economics