The efficiency of an economic system is a measure of
A) how well off people are.
B) how well a system satisfies people's wants and needs.
C) the standard of living.
D) inflation.
E) unemployment.
Correct Answer:
Verified
Q1: What incentives are created under a random
Q3: Why is the market system not universally
Q4: When economists say that people are self-interested,
Q5: In the long run, under which allocation
Q6: Even in the United States, not all
Q7: Which of the following is not an
Q8: Which of the following mechanisms is unfair?
A)
Q9: _ is an example of an allocation
Q10: What incentives are created under a government
Q11: Even in the United States, not all
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