Solved

Economic Efficiency Requires

Question 27

Multiple Choice

Economic efficiency requires


A) that the free market not be regulated by government.
B) that the output of goods and services is the highest possible given the amount of input used to produce them.
C) the economy to be organized around large firms.
D) economic transactions to be fair to each party.
E) economic transactions to be equal to each party.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions