II. Considering that a controlled economy like China has been far more successful in dealing with the Corona Pandemic than a liberal economy like the US, would you say that this is a case of market failure? How does this pandemic represent an externality?

Which of the following is the purpose of economic indicators? a. to inform consumers how fast prices are going to rise. b. to indicate whether an unemployed worker is likely to get a new job. c. to judge the overall condition of a particular country's economy. d. to figure out how fast the gross domestic product is growing.