Production Efficiency Means That

question 129

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) producing another unit of the good has no opportunity cost.
• D) as few resources as possible are being used in production.

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Definitions:

Nitric Acid

A highly corrosive mineral acid (HNO3) used in the manufacture of fertilizers, explosives, and in various industrial processes.

PANs

Personal Area Networks (PANs) are networking technologies for interconnecting devices within a close proximity, typically within a few meters, such as computers, smartphones, and personal digital assistants.

Pollutants

Substances that contaminate air, water, or soil, causing harm or discomfort to organisms and the environment.

Wet Acid Deposition

The process by which acidic pollutants in the atmosphere are removed and deposited on the earth's surface through precipitation, such as rain or snow.