Business, 05.02.2020 21:42 ella3714

Gains from trade arise because of: specialization in consumption. marginal analysis. individual choice. specialization in production. 10. if equilibrium exists: there will be no remaining opportunities for individuals to make themselves better off. the price in that market will not fluctuate by more than 5%. all individuals must have an equal amount of income. the number of buyers will equal the number of sellers. 11. economists believe that resources should be used as efficiently as possible to: reduce inequity. maximize profits. achieve society's goals. eliminate scarcity. 12. in most cases, economic efficiency is achieved through: incentives built into a market economy. maximizing equity. reducing regulation. individuals seeking out opportunities that involve no risk.

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Gains from trade arise because of: specialization in consumption. marginal analysis. individual cho...

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