The allocation of resources is not efficient if ?

Related Mcqs:

If the price of a good is above the equilibrium price ?

A. there is a surplus and the price will rise B. there is a shortage and the price will fall C. there is a shortage and the price will rise D. The quantity demanded is equal to the quantity supplied and the price remains unchanged E. there is a surplus and the price will fall...

A price ceiling is ?

A. a maximum price usually set by government that sellers may charge for a good B. the different between the initial equilibrium price and the equilibrium price after a decrease in supply C. a minimum price usually set by government that sellers must charge for a good D. a minimum price that consumers are willing … A price ceiling is ?Read More...

The prisoners Dilemma Game demonstrates that ?

A. players are better of to act independently B. monopoly is better than competition C. people will always cheat D. players are better off if they co-operate...

Which of the following statements is true about the impact of an increase in the price of lettuce ?

A. Both the demand for lettuce will decrease and the equilibrium price and quantity of salad dressing will fall B. The supply of lettuce will decrease C. The demand for lettuce will decrease D. The equilibrium price and quantity of salad dressing will fall E. The equilibrium price and quantity of salad dressing will rise...

Satellite television subscription and television detection devices are ways in which broadcasting companies address the ________ problem?

A. externality B. market imperfection C. deadweight burden D. free rider...