The idea that an action should be undertaken if and only if the benefits exceed the costs is known as the concept of
a. economic efficiency.
b. public welfare maximization.
c. marginal comparative advantage.
d. monetary construction of values.
A
Economics
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The long-run Phillips curve applies when the economy is at full employment, so the long-run Phillips curve is
A) upward sloping. B) downward sloping. C) vertical. D) horizontal. E) unnecessary.
Economics
How can improvements in statistical analysis of financial data cause the amount of information in financial markets to decline?
What will be an ideal response?
Economics