Unequal outcomes are inherently unfair
Indicate whether the statement is true or false
F
Economics
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The ________ effect can be divided into the ________ effect and the ________ effect
A) marginal; substitution; price B) income; substitution; price C) substitution; price; income D) price; substitution; income
Economics
Which of the following is not a property of a competitive equilibrium?
A) markets clear. B) consumers and firms optimize given market prices. C) the government budget constraint is satisfied. D) increasing total factor productivity.
Economics