One common source of market failure is
A) perfect information. B) pollution.
C) private goods. D) perfect competition.
B
Economics
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The new Keynesian economists argue that prices are relatively rigid because of
A) menu costs. B) overlapping staggered contracts. C) efficiency wages. D) All of the above.
Economics
Which of the following is true of a human mind?
a. A human mind seldom makes consistent error-free calculations. b. A human mind can attend to more than a handful of concepts at one time. c. A human mind can fully analyze the interrelationships between different concepts. d. A human mind can navigate through complex logic to correct conclusions.
Economics