Multiple Choice
Why is efficiency desirable?
A) It results in an equal distribution of income.
B) It results in the highest prices for the goods and services produced.
C) It makes best use of the available resources.
D) It is the most politically popular solution.
Correct Answer:

Verified
Correct Answer:
Verified
Q372: Scarcity arises because<br>A) resources are limited and
Q373: The discovery of new natural resources will
Q374: When productive activities are organized according to
Q375: The trade-off between the present and future
Q376: Division of labor<br>A) increases the amount of
Q378: Economists are concerned with an individual's<br>A) needs
Q379: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q380: When determining the production possibilities curve<br>A) the
Q381: Briefly explain the factors of production and
Q382: Explain what will happen to the production