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Acoase solution to a problem of externality ensures that a socially efficient outcome is to
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When the amount for land is 36,000 and the amount paid for expenses is 10,000, the balance of total asset is
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Trade will take place: a. if the maximum that a consumer is willing and able to pay is less than the minimum price the producer is willing and able to accept for a good. b. if the maximum that a consumer is willing and able to pay is greater than the minimum price the producer is willing and able to accept for a good. c. only if the maximum that a consumer is willing and able to pay is equal to the minimum price the producer is willing and able to accept for a good. d. none of the above.
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Which of the following is one of the five fundamental questions? which products will be in scarce supply and which in excess supply? who should appoint the head of the central bank? how much should society save? correct what goods and services will be produced?
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The market forces such as demand, supply, competitive pricing and so on fail to incentivize the redu...
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