Robert Nozick asserts that fairness and efficiency result if
A) there are price ceilings in the market.
B) there are external benefits and external costs in the market.
C) voluntary exchange occurs.
D) public goods are provided by government.
C
Economics
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The "Buy American" provision in the 2009 stimulus package required that stimulus money be spent only on U.S.-made goods, effectively acting as a quota of zero imports when stimulus money was being spent. In the market for steel, the "Buy American"
provision would ________ the price of steel in the United States and ________ the quantity of steel demanded in the United States. A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
Economics
How do ponzi schemes work?
What will be an ideal response?
Economics