Resources tend to be allocated inefficiently when goods
a. are private goods.
b. are rival in consumption and excludable.
c. are available free of charge.
d. are available only at very high prices.
c
Economics
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In January 2013, the world's cheapest Big Macs were sold in
A) the Philippines. B) Russia. C) China. D) Malysia. E) the Czech Republic.
Economics
Suppose $1.00 U.S. is currently worth $1.5 Canadian. It is expected that the U.S. dollar will be worth $1.2 Canadian in one month. This will cause: a. a decrease in the value of U.S. exports to Canada. b. a decrease in the demand for Canadian dollars. c. an increase in the demand for U.S. dollars
d. a decrease in the demand for U.S. dollars.
Economics