An Economy Is Efficient When

question 32

Multiple Choice

An economy is efficient when:

• A)the problem of scarcity is eliminated.
• B)output is distributed equitably.
• C)all opportunities to make some people better off without making other people worse off have been taken.
• D)all opportunities to make some people worse off without making other people better off have been taken.

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Definitions:

Diversity

Refers to the inclusion of different types of people (such as people of different races, cultures, genders, etc.) within a group or organization.

Workforce Diversity

The inclusion of individuals from a variety of backgrounds, such as different races, ethnicities, genders, ages, sexual orientations, etc., in the workplace.

Valuing Diversity

Recognizing, respecting, and appreciating the differences in individuals, believing that diverse perspectives lead to better outcomes.

Affirmative Action Programs

Initiatives designed to promote increased representation and inclusion of groups that have historically faced discrimination in employment, education, and other areas.