When People Want More Goods and Services Than Are Available,the

question 74

Multiple Choice

When people want more goods and services than are available,the economy undergoes inflation.Which economic principle does this statement BEST represent?

• A)There are gains from trade.
• B)When markets don't achieve efficiency,government intervention can improve society's welfare.
• C)Overall spending sometimes gets out of line with the economy's productive capacity.
• D)Government policies can change spending.

---

Definitions:

Benchmarking

The process of comparing business processes and performance metrics to industry bests or best practices from other companies.

Critical Success Factors

Essential conditions or variables that, when properly sustained, maintained, or managed, can have a significant impact on the success of a business or project.

Production Activities

Processes involved in the creation of goods and services, ranging from raw material procurement to the final manufacturing steps.

Financial Performance Measures

Metrics used to assess a company's financial health, including profitability, liquidity, and solvency ratios.