Which of the Following Are True

question 153

Multiple Choice

Which of the following are true?

• A) Economists use the criterion of economic efficiency to judge the merit of alternative outcomes.
• B) Undertaking an economic action will be efficient if it produces more benefits than costs for the individuals of the economy.
• C) Undertaking an economic action will be inefficient if it produces more costs than benefits to the individuals.
• D) All of the above are true.

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Definitions:

Targets

Specific goals or objectives that an individual or organization aims to achieve within a defined time frame.

Objectives

Specific, measurable goals set by a business or individual aimed at achieving a particular outcome.

Instrumentalities

The perceived relationship between performing a specific behavior and achieving a certain outcome, key in understanding motivation.

Capable Workers

Capable workers are employees who possess the skills, knowledge, and abilities required to perform their jobs effectively.