An "Increase in Efficiency" Suggests That an Economy

question 199

Multiple Choice

An "increase in efficiency" suggests that an economy:

• A)has moved from a point outside of, to a point on, its production possibilities curve.
• B)has decided to produce more consumer goods and fewer capital goods.
• C)has moved from a point on, to a point inside, its production possibilities curve.
• D)is able to get more output from a given amount of inputs.

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Oral Communication

The exchange of information or ideas through spoken words.

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An environment characterized by fair, honest, and moral behavior among employees and towards stakeholders.

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