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lstar1993 lstar1993
wrote...
Posts: 488
3 years ago

Question 1.

A change in economic output is ________ if the value of the resulting gains exceeds the value of the resulting losses.



▸ potentially efficient

▸ always efficient

▸ always inefficient

▸ irrelevant

Question 2.

________ economy is an economy that produces what consumers demand and does so at the least possible cost.



▸ An inefficient

▸ An efficient

▸ A government-controlled

▸ A command
Textbook 

Principles of Economics


Edition: 12th
Authors:
Read 78 times
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Answer verified by a subject expert
binvabinva
wrote...
Posts: 368
3 years ago
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More solutions for this book are available here

Answer 1

potentially efficient

Answer 2

An efficient
1

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lstar1993 Author
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3 years ago
Smart ... Thanks!
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This helped my grade so much Perfect
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