A free market may produce a misallocation of resources over time because
a. the Fed manipulates interest rates.
b. people have a "defective telescopic faculty."
c. private risk usually exceeds social risk.
d. All of the above are correct.
d
Economics
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Emma is a road construction worker. During the winter months, Emma finds it more difficult to get work. The unemployment Emma experiences in the winter is
A) seasonal. B) cyclical. C) functional. D) structural.
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An individual demand curve can be derived from the ________ curve
A) price-consumption B) price-income C) income-substitution D) income-consumption E) Engel
Economics