Which of the following does the country of Fuggedaboutit not have to be concerned about?
a. choosing a system of resource ownership
b. allocating resources
c. earning a profit for its owners
d. providing individual incentives
e. answering the three economic questions
C
Economics
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Why do we observe the Leontief paradox?
What will be an ideal response?
Economics
When majority rule voting is used to determine whether to purchase a public good,
A) the efficient outcome is not assured. B) the median voter gets her way. C) the sum of the marginal benefits is ignored. D) All of the above.
Economics