Inefficiency is a flaw of a command economy because there is less incentive for resources to flow to their highest-valued uses

New reports indicate that eating turnips helps people remain healthy. The news shifts the demand curve for turnips rightward. In response, new farms enter the turnip industry

During the period in which the new farms are entering, the price of a turnip ________ and the economic profit of each existing firm ________. A) rises; rises B) rises; falls C) falls; rises D) falls; falls

Refer to the below graphs. (Assume that the pre-migration labor force in Country A is 0d and that it is 0u in country B.) What result would indicate that worldwide output is increased as a result of migration?

A. Area aced> area qsut

B. Wage rates have increased in both countries

C. Domestic output has increased in both countries

D. The share of domestic output paid as business income increases in both countries