Multiple Choice
Which of the following are true?
A) Economists use the criterion of economic efficiency to judge the merit of alternative outcomes.
B) Undertaking an economic action will be efficient if it produces more benefits than costs for the individuals of the economy.
C) Undertaking an economic action will be inefficient if it produces more costs than benefits to the individuals.
D) All of the above are true.
Correct Answer:
Verified
Correct Answer:
Verified
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