An efficient economy is one that produces what consumers demand and does so at the least possible cost.
Correct Answer:
Verified
Q168: The mistake of inferring causality from _
Q169: Related to the Economics in Practice on
Q170: _ economy is an economy that produces
Q171: Positive economics seeks to understand behavior, but
Q172: _ market is characterized by the fact
Q174: A change in economic output is _
Q175: Empirical economics refers to the
A) exclusion of
Q176: There is a high correlation between the
Q177: You have observed that every time you
Q178: Stability implies a steady rate of economic
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