Production Efficiency Means That

question 132

Multiple Choice

Production efficiency means that

• A) scarcity is no longer a problem.
• B) producing more of one good is possible only if the production of some other good is decreased.
• C) as few resources as possible are being used in production.
• D) producing another unit of the good has no opportunity cost.

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Definitions:

Compatible Interests

Interests or hobbies that align well between individuals or groups, facilitating cooperation or shared enjoyment.

Ecotourism

A form of sustainable travel to natural areas that conserves the environment and improves the well-being of local people.

Socioeconomic Involvement

Engagement or participation of individuals or organizations in activities aimed at improving social and economic conditions within a community.

Conservation

Efforts and initiatives focused on protecting the natural environment, preserving biological diversity, and sustaining natural resources for future generations.