An economy is judged efficient if
a. it is good at producing what people want.
b. it produces things that people may not want but in the least wasteful way.
c. produces whatever people want in a way that may not be the least wasteful.
d. it is a free-market economy and not a command market.
a
Economics
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If you purchase one pound of apples the price is $1.50 per pound. If you buy a five pound bag of apples, the cost is $5.00. This is most likely an example of
A) quantity discounts. B) lower marginal cost. C) lower marginal benefit. D) price gouging.
Economics
What is the long-run financial problem for Medicare?
What will be an ideal response?
Economics