When comparing market and public sector decision making, which statement is NOT true?
A) Self-interest is the motivating force in each decision making arena.
B) In both decision making sectors, majority rule is how things are done.
C) In both decision making sectors, there are scarcity constraints.
D) Collective (political) outcomes and economic outcomes may differ.
B
Economics
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When will a decrease in aggregate demand not result in a lower inflation rate in the short run?
What will be an ideal response?
Economics
Refer to the graph shown. The marginal rate of substitution at point B is:
A. the same as the marginal rate of substitution at point C. B. the same as the marginal rate of substitution at point A. C. the same as the marginal rate of substitution at point D. D. impossible to determine with the information given.
Economics