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

lstar1993

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

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: 12^th

Authors: Case, Fair, Oster

Read 98 times

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binva

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More solutions for this book are available here

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lstar1993 Author

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This site is awesome

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Helped a lot

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