Sometimes economists talk about an efficient trade "making one person better off without making another worse off." This might occur in Question 1 options:

a)

A positive-sum environment

b)

A win-loss outcome

c)

Both of these

Suppose an economy has only two sectors: goods and services. each year, goods sells 80% of its outputs to services and keeps the rest, while services sells 62% of its output to goods and retains the rest. find equilibrium prices for the annual outputs of the goods and services sectors that make each sector's income match its expenditures.

Money from an allowance or job is known as .

You operate a small advertising agency. you employ two secretaries, a graphic designer, three sales representatives, and an office coordinator. 1. what types of things would you consider when determining how to compensate each position? describe two (2) considerations. 2. what type of compensation plan would you use for each position?