Which of the Following Is an Economic Measure of Efficiency

question 52

Multiple Choice

Which of the following is an economic measure of efficiency that summarizes and reflects the value of the outputs created by an individual, organization, industry, or economic system relative to the value of the inputs used to create them?

• A) Quality
• B) Productivity
• C) Reliability
• D) Sustainability

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Definitions:

Population Size

Total number of individuals in a population.

Butterflies

Insects belonging to the order Lepidoptera, known for their bright colors and large, often patterned wings, undergoing dramatic transformations during their life cycle.

Density-Independent Factor

Environmental factors that affect population sizes regardless of the population's density, such as natural disasters or climate changes.

Flood

An overflow of water that submerges land that is usually dry.