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An Economic Outcome Is Said to Be Efficient If the Economy

Question 17

Multiple Choice

An economic outcome is said to be efficient if the economy is


A) using all of the scarce resources it has available.
B) conserving on resources,rather than using all available resources.
C) getting all it can get from the scarce resources it has available.
D) able to produce more than what is currently being produced without additional resources.

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