Which of the following is not a property of a competitive equilibrium?
A) markets clear.
B) consumers and firms optimize given market prices.
C) the government budget constraint is satisfied.
D) increasing total factor productivity.
D
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An argument against the benefits-received principle is the benefits the rich receive from government programs are available to everyone
Indicate whether the statement is true or false
Which of the following is a short-run adjustment?
a. Toyota builds an automobile plant in Kentucky. b. Faced with increasing enrollment, a private college builds a new School of Business building. c. Because of staggering losses, three insurance companies exit the industry. d. People's Bank hires two new tellers to meet increased demand for customer services. e. Shaveco enters the razor blade market with a new product, produced in the United States.