The optimal mix of output is:
A) the most desirable combination of output attainable with existing resources,technology and social values.
B) an attempt to compare the real worth rather than the market values to various goods and services.
C) an exercise to determine if is better to reduce government expenditures or reduce taxes.
D) the most desirable level of the distribution of income.
Correct Answer:
Verified
Q5: A private good is a good that:
A)
Q6: In economics,a public good:
A) Is any good
Q7: A private good is unique because:
A) Nonpayers
Q8: Which of the following is most likely
Q9: Market failure establishes a basis for:
A) Market
Q11: Which of the following is not an
Q12: Market failure means that the economy is
Q13: The most desirable combination of output attainable
Q14: Market failure implies that a policy of
Q15: Market failure occurs when:
A) Market prices signal
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents