For economic efficiency, which of the following conditions should be met?
a. Scarcer goods should have lower prices.
b. More abundant goods should have lower prices.
c. More abundant goods should have higher prices.
d. All goods should have equal prices.
b
Economics
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During the Global Economic Crisis, the increase in the unemployment rate in Europe was
A) equal to that in the United States. B) less than that in the United States. C) greater than that in the United States. D) impossible to compare given that Europe did not experience crises.
Economics
The marginal propensity to consume (MPC) is the change in consumption divided by the change in saving
a. True b. False Indicate whether the statement is true or false
Economics