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Author Question: Resources are allocated efficiently when (Read 92 times)

P68T

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on: Apr 19, 2019

Question 1

Efficiency occurs when


◦ the economy is producing what people want at least possible cost.
◦ the economy has a fair and just distribution of income.
◦ all markets are in equilibrium.
◦ unemployment is low and prices are stable.

Question 2

Resources are allocated efficiently when


◦ the market produces what people want.
◦ economic profits are zero.
◦ output is distributed in an equitable fashion.
◦ output is produced in a sustainable fashion.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by P68T on Apr 19, 2019

meow1234

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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P68T

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Reply #2 on: Apr 19, 2019
TY


meow1234

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Reply #3 on: Apr 19, 2019
You're welcome


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