The production possibilities frontier provides an illustration of the principle that
a. trade can make everyone better off.
b. governments can sometimes improve market outcomes.
c. people face trade-offs.
d. people respond to incentives.
c
Economics
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If a firm has no ability to select the price of its product, it:
a. will go out of business due to losses. b. is a price-maker. c. cannot maximize profit. d. has a horizontal individual demand curve.
Economics
Keynesians tend to not believe in the stability of free markets
Indicate whether the statement is true or false
Economics