If Economic Activity Increases, It Follows That Economic Welfare

question 158

Multiple Choice

If economic activity increases, it follows that economic welfare:

• A)increases as more goods and services become available.
• B)decreases as more resources are depleted.
• C)does not change since it does not depend on the level of economic activity.
• D)may increase, decrease, or remain unchanged depending on the nature of the increase in economic activity.

---

Definitions:

Corrective Action

Measures taken to rectify a problem, defect, or deficiency in a process or a product to ensure that it meets its specifications and requirements.

Relative Approach

A method of evaluation or judgment that is based on comparisons with other entities, situations, or standards, rather than absolute measures.

Desired Performance

The specific level or standard of work output or behavior that an organization expects from an employee.

Actual Performance

The real, measured outcomes of work activities or processes, as opposed to expected or assumed results.