Economic Efficiency Would Be Primarily Discussed in Response to Which

question 8

Multiple Choice

Economic efficiency would be primarily discussed in response to which of the fundamental questions about a competitive market economy?

• A)What will be produced?
• B)How will the goods and services be produced?
• C)How will the system accommodate change?
• D)Who is to receive the output?

---

Definitions:

Mixed Number

A number consisting of an integer and a proper fraction, representing a value between two whole numbers.

Fraction

A numerical quantity that is not a whole number, representing a part of a whole.

Numerator

The top part of a fraction, representing the number of parts out of the whole indicated by the denominator.