The Most Efficient Combination of Resources in Producing Any Output

question 53

Multiple Choice

The most efficient combination of resources in producing any output is that combination which:

• A)comes closest to using the same quantities of land, labour, capital, and entrepreneurial ability.
• B)can be obtained for the smallest money outlay.
• C)uses the smallest total quantity of all resources.
• D)conserves most on the use of labour.

---

Definitions:

Adoption Credit

A tax credit offered to offset the expenses incurred in the process of legally adopting a child.

Modified AGI

Adjusted Gross Income as further modified by specific deductions and exclusions for certain tax calculations.

Qualified Adoption Expenses

Expenses related to the legal adoption of a child that are eligible for tax credits or deductions.

Adoption Benefits

Financial assistance and tax benefits provided to individuals or families during the adoption process.