For a competitive equilibrium to occur,all of the following has to happen except
A) agents are price takers.
B) the government sets taxes at zero.
C) markets clear.
D) the actions of all agents are consistent.
Correct Answer:
Verified
Q3: Which of the following is not a
Q4: Making use of an economic model is
Q5: In a general equilibrium model
A) all markets
Q6: An economy that has no interaction with
Q7: The production possibilities frontier in the one-period
Q9: In an economic model,an exogenous variable is
A)
Q10: An economy that engages in international trade
Q11: Which of the following is not a
Q12: In an economic model,an endogenous variable is
A)
Q13: The production possibilities frontier represents
A) all combinations
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