If the Resources of an Economy Are Being Used Inefficiently

question 34

Multiple Choice

If the resources of an economy are being used inefficiently, it would be

• A) possible to increase production of all goods simultaneously.
• B) possible to increase production of one good only if production decreased for the other goods.
• C) not possible to increase production of any good.
• D) not possible to increase economic growth.
• E) possible to increase production with no effort.

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Definitions:

Practices

Routine ways of doing things that are embedded in cultural or social systems, shaping how individuals and groups engage with their world.

Robert Merton

An American sociologist known for his contributions to social theory, sociology of science, and the study of social structure and anomie.

Manifest Function

Clearly recognized and intended consequences of any social pattern or activity within a society.

Anticipated Outcome

The expected result or consequence of an action, process, or situation, often based on prior knowledge or hypotheses.