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In the aftermath of a hurricane bringing widespread damage to an area, home improvement stores were completely out of generators. Within the week, however, emergency
In the aftermath of a hurricane bringing widespread damage to an area, home improvement stores were completely out of generators. Within the week, however, emergency deliveries supplied additional generators, and everyone who wished to purchase one was able to do so. Which of the following principles of economic interaction best describes this scenario? There are gains from trade. All costs are opportunity costs. When markets do not achieve efficiency, government intervention can improve overall welfare. Markets allocate goods effectively
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