If an Economy Is Operating Inefficiently, Then

question 191

Multiple Choice

If an economy is operating inefficiently, then

• A)the economy can increase production of consumption goods without reducing capital goods.
• B)there is always a positive opportunity cost to increasing output.
• C)output can only be increased through capital investment.
• D)output cannot be increased.

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Definitions:

Variable

Property or characteristic of an object, event, or person that can take on different values.

Marginal Means

Means for each level of an independent variable, averaging over the levels of any other independent variables.

Significant Main Effect

A significant main effect is an observed effect in ANOVA that shows a meaningful difference in the dependent variable due to one independent variable, beyond chance.

Crime Area

A geographical region or location known for a higher incidence of criminal activities compared to surrounding areas.