Author Question: Which of the following generates allocative efficiency in a market economy? A) United Nations ... (Read 86 times)

armygirl

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Which of the following generates allocative efficiency in a market economy?
 
  A) United Nations rules for competition B) equity
  C) voluntary exchange between buyers and sellers D) national government intervention

Question 2

Refer to Table 7-6. Which country has an absolute advantage in producing belts?
 
  A) Estonia B) Morocco C) both countries D) neither country



ErinKing

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Answer to Question 1

C

Answer to Question 2

A



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