In the allocation of resources between present and future,

A. the market works imperfectly.
B. the market works perfectly.
C. centrally planned economies are more efficient than market economies.
D. the invisible hand guarantees efficiency in market economies.

Answer: A

Economics

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The above figure shows the U.S. market for replacement cell phone batteries. With free trade, the United States imports ________ batteries and once the tariff illustrated in the figure is imposed, the United States imports______ batteries

A) 900,000; 700,000 B) 300,000; 100,000 C) 800,000; 400,000 D) 900,000; 100,000 E) 700,000; 300,000

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