An Efficient Outcome in Economics Is One in Which the Economy

question 103

True/False

An efficient outcome in economics is one in which the economy is conserving the largest possible amount of resources, while still meeting the needs of society.

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Definitions:

Sudden Infant Death Syndrome

A mysterious and tragic condition whereby an apparently healthy infant dies unexpectedly, typically during sleep, and without a clear cause.

Crib Death

Also known as Sudden Infant Death Syndrome (SIDS), it is the unexplained death of a healthy infant, usually during sleep.

Receptors of Light

Specialized cells in the eyes, such as rods and cones, that respond to light and enable vision.

Cones

Photoreceptor cells in the retina of the eye that are responsible for color vision and function best in relatively bright light.