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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? When markets do not achieve efficiency, government intervention can improve overall welfare. All costs are opportunity costs. There are gains from trade. Markets allocate goods effectively
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