A Change in Economic Output Is ________ If the Value

question 230

Multiple Choice

A change in economic output is ________ if the value of the resulting gains exceeds the value of the resulting losses.

• A) potentially efficient
• B) always efficient
• C) always inefficient
• D) irrelevant

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Definitions:

Customer Payment

A transaction where a customer completes payment for goods or services received from a business.

Create Invoice

The method by which a document is created to list and document a transaction between a buyer and a seller.

Accounts Receivable

Money owed to a business by its customers for goods or services that have been delivered but not yet paid for.

Checking Account

A bank account that allows the depositor to withdraw funds using checks or electronic debit, typically used for day-to-day expenses.