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ECON 212 Chapter 7
Economists claim that markets A. provide stable employment for citizens. B. guarantees a fair income distribution. C. produces goods and services as efficiently as possible. D. provides safe neighborhoods. 2. Which of the following statements illustrate the concept of efficiency? A. The production of the good generates very little pollution. B. At equilibrium, all mutually beneficial transactions have taken place. C. The production of the good generates very few byproducts. D. The consu...
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Economists claim that markets A. provide stable employment for citizens. B. guarantees a fair income distribution. C. produces goods and services as efficiently as possible. D. provides safe neighborhoods. 2. Which of the following statements illustrate the concept of efficiency? A. The production of the good generates very little pollution. B. At equilibrium, all mutually beneficial transactions have taken place. C. The production of the good generates very few byproducts. D. The consu...