Inefficiency in an Economy Can Be Caused by

question 140

Multiple Choice

Inefficiency in an economy can be caused by

• A)misallocating resources.
• B)underemploying resources.
• C)discrimination.
• D)All of the above are correct.

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Definitions:

Expense

An outflow of money or other resources spent by a business or individual in the course of generating revenue.

Bill

An invoice or statement of charges for goods or services provided.

Account Payable

An obligation of a business to pay a short-term debt to its suppliers or vendors for goods or services received.

Bill Onscreen Form

An electronic version of a bill presented to a customer through a digital platform.