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An Economy Is Said to Be Saving Lives Efficiently

Question 55

Multiple Choice

An economy is said to be saving lives efficiently


A) if the number of lives saved increases each year
B) whenever the cost of saving lives is decreasing
C) if it is operating on its production possibilities frontier
D) if more resources are devoted to saving lives than to any other activity
E) if fewer resources are devoted to saving lives than to any other activity

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