Markets Can Fail to Achieve Efficiency When

question 3

Multiple Choice

Markets can fail to achieve efficiency when

• A)there are prices consumers do not think are fair.
• B)there are wages workers do not think are fair.
• C)trade puts people out of work.
• D)there are public goods.

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Definitions:

Robins

Small, common songbirds known for their reddish-orange breasts and melodious songs.

Build Nests

The behavior employed by certain animals, mainly birds and some mammals, to create a safe place for laying eggs or raising their young.

Body Fluids

Liquids originating from inside the body that play crucial roles in its functioning, such as blood, urine, and saliva.

Thirst

The sensation of needing or desiring to drink fluids.