Obstacles in achieving efficiency in a market include
A) public goods.
B) the presence of an external cost or benefit.
C) competition.
D) Both answers A and C are correct.
E) Both answers A and B are correct.
E
You might also like to view...
Under a system of flexible exchange rates, an increase in demand for a nation's currency in the foreign exchange market will: a. cause the nation's currency to appreciate
b. make it more expensive for the nation to import goods. c. cause the nation's balance on current account to shift toward a deficit. d. make it less expensive for foreigners to buy the nation's goods.
You're the president of the United States and your economic advisor tells you that the economy is in a state of high inflation, high unemployment, and low growth. You know then that your advisor is talking about
a. stagnation b. deflation c. depression d. stagflation e. prosperity