What do economists call the loss society experiences when there is market failure and the production of a good is less than the efficient amount?
A) tax
B) subsidy
C) price floor
D) deadweight loss
E) quantity restriction
D
Economics
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Which of the following constituted the majority of federal outlays in 2011?
a. Social security and Medicare b. Defense c. Net interest paid on the national debt d. Welfare
Economics
Which of the following decisions are complicated by the value of money changing over time?
A. Buying a $100 concert ticket B. Buying a $100 stock C. Buying a $100 sweater D. Buying a $100 blender
Economics