A market is said to be allocatively efficient when the marginal cost of producing each good equals the marginal benefit that consumers derive from that good

a. True
b. False

A

Economics

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If the central bank of Orangeland pursues an expansionary monetary policy, ________

A) its labor supply will fall B) the price level in Orangeland will fall C) the demand for labor in the economy will increase D) the interest rate in Orangeland will rise

Economics

Explain what a graph is and how it can be used

What will be an ideal response?

Economics