The market and public sector are similar in that
A) there is competition amongst the participants in both sectors.
B) the resources used in both sectors are scarce.
C) the participants in both sectors react to incentives.
D) All of the above are true.
D
Economics
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In cases where negative externalities are present, the equilibrium price in the market is higher than it should be to achieve the optimal allocation of resources
Indicate whether the statement is true or false
Economics
Unemployment means
A. the same as underemployment. B. a recession. C. slow economic growth. D. that not all resources are being used.
Economics