menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Economics Study Set 8
  4. Exam
    Exam 2: Thinking Like an Economist
  5. Question
    An Outcome Is Said to Be Efficient If an Economy
Solved

An Outcome Is Said to Be Efficient If an Economy

Question 170

Question 170

True/False

An outcome is said to be efficient if an economy is conserving the largest possible quantity of its scarce resources while still meeting the basic needs of society.

Correct Answer:

verifed

Verified

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

Related Questions

Q165: "Other things equal, an increase in supply

Q166: Is the following a positive or normative

Q167: A circular-flow diagram is a visual model

Q168: What type of statement is a prescriptive

Q169: In surveys of professional economists, fourteen propositions

Q171: Figure 2-12<br>​<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7555/.jpg" alt="Figure 2-12 ​

Q172: Normative statements are<br>A)descriptive.<br>B)claims about how the world

Q173: Figure 2-12<br>​<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7555/.jpg" alt="Figure 2-12 ​

Q174: The production possibilities frontier shows the opportunity

Q175: From which of the following agencies does

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines