The optimal mix of output is always the same as the
A) Output that consumers demand.
B) Most desired combination on a production possibilities curve.
C) Output that the government provides.
Correct Answer:
Verified
Q10: In a market economy,producers will produce the
Q11: Which of the following is an example
Q12: Any imperfection in the market mechanism that
Q13: The term market mechanism refers to
A)The use
Q14: Which of the following is a source
Q16: From an economic standpoint,government intervention is justified
A)When
Q17: Which of the following is possible when
Q18: Resources are directed from one industry to
Q19: Government intervention may be appropriate to correct
Q20: Market failure implies that the market mechanism
A)Leads
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