When someone borrows to purchase capital goods, he is using someone else's _____ to fund his _____
Fill in the blank(s) with correct word
saving, investment
Economics
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Why is it likely that a market economy will perform better than a command economy?
What will be an ideal response?
Economics
We can say that the allocation of resources is efficient if
a. producer surplus is maximized. b. consumer surplus is maximized. c. total surplus is maximized. d. sellers' costs are minimized.
Economics