Which of the following statements is false?
A. One of the basic principles capitalism is based on is to "trust no one."
B. To have real competition in a market economy no one business should be able to have any influence over price.
C. A basic trade-off exists between the goals of equity and efficiency for a society.
D. The forces of supply and demand will NOT automatically lead to an equitable distribution of income.
A. One of the basic principles capitalism is based on is to "trust no one."
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Holding the real money supply constant, an increase in real money demand will reduce interest rates
Indicate whether the statement is true or false
According to Edward Denison, the United States has experienced
a. diseconomies of scale. b. economies of scale. c. constant returns to scale. d. None of the above