If All of the Opportunities to Make Someone Better Off

question 182

Multiple Choice

If all of the opportunities to make someone better off (without making someone else worse off) have been exploited,an economy is:

• A)equitable.
• B)inefficient.
• C)marginally optimal.
• D)efficient.

---

Definitions:

Production Budget

An estimate of the total cost of production, including direct labor, materials, and overhead expenses, for a specific period.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, usually for managing liquidity.

Disbursements

Payments made by a business, often related to its operational expenses.

Financing

The process of providing funds for business activities, making purchases, or investing.