The issue of fairness versus efficiency arises
a. only in a command economy.
b. only in a market economy.
c. in neither a command nor a market economy.
d. in both a command and a market economy.
d
Economics
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When a country exports more goods and services than it imports, this is called
A. a balance of trade deficit. B. a balance of trade surplus. C. a positive terms of trade. D. a negative terms of trade.
Economics
Refer to the above figure. Line ABCD is a(n)
A. aggregate demand curve. B. natural rate of unemployment curve. C. Phillips curve. D. discretionary-policy curve.
Economics