Competitive Markets with No External Costs or Benefits and No

question 173

Multiple Choice

Competitive markets with no external costs or benefits and no government price ceilings, floors, taxes or subsidies ________ efficient. According to the "It's not fair if the rules aren't fair" idea of fairness, competitive markets ________ fair.

• A) are; are
• B) are; are not
• C) are not; are
• D) are not; are not

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Definitions:

Impulsive

Acting on spontaneous desires and urges without considering the consequences or the rationale behind the action.

Borderline Personality Disorder

A mental health disorder characterized by pervasive instability in moods, interpersonal relationships, self-image, and behavior.

Emotional Instability

Variability and unpredictability in emotional experiences and expressions, often a characteristic of certain personality disorders.

Impulse Control

The ability to resist or delay an impulse, drive, or temptation to act and is related to self-regulation.