Which of the following goods would see the largest decline in demand during a recession?

A bilateral negotiation is a bargaining mechanism in which:

A) a third party or an authority intervenes and decides the prices of the products traded in a market. B) a single seller and a single buyer confront one another with bids and asks. C) multiple buyers bargain with a single seller to determine the trading price. D) multiple sellers bargain with a single buyer to determine the trading price.

Inefficient production or unemployment exists when the economy is ________ the production possibilities curve.

A) operating inside B) operating on C) operating outside D) moving along