Examlex
A customer's promise to pay in the future for services or goods sold is called a(n) ________.
Coerce Behavior
To compel or force someone to act in a certain way through pressure or threats.
Economic Efficiency
The optimal distribution of resources in society, taking into account all benefits and costs.
Government Failures
Occur when government intervention in the economy leads to inefficiencies, misallocation of resources, or negative outcomes contrary to the intended goals.
Market Failures
Situations where the allocation of goods and services by a free market is not efficient, often justifying government intervention.
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