Multiple Choice
In order to have an efficient distribution of final products to households,
A) free and open markets are essential.
B) households must maximize their income.
C) the equity criterion must be satisfied.
D) there can be no unemployment.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q118: Refer to the information provided in Figure
Q119: Market failure results in<br>A) lost surplus.<br>B) no
Q120: Resources are allocated efficiently when<br>A) everyone can
Q121: You are unable to sleep because your
Q122: The condition that exists when all markets
Q124: When all the conditions for perfect competition
Q125: A household _ as long as the
Q126: The opportunity cost of using resources to
Q127: Economic systems should only be judged on
Q128: Efficiency and equity are synonymous.