An Efficient Economy Is an Economy

question 209

Multiple Choice

An efficient economy is an economy

• A) in which output is steady or growing and there is low inflation.
• B) that produces what consumers demand and does so at the least possible cost.
• C) that distributes output equally among all consumers.
• D) in which there is a fair distribution of wealth.

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Definitions:

Item

A single distinct object or unit, especially when part of a list or collection.

First Bank

Can refer to the initial banking institution established in a certain area or the primary bank that an individual or business chooses to use for financial transactions.

Substitute Check

A digital reproduction of the original paper check that is legally considered the same as the original for clearing and settlement purposes.

Improperly Charged

An instance where an individual or entity is wrongfully or incorrectly subjected to fees, expenses, or accusations.