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.

---

Definitions:

Equity

Refers to the ownership interest held by shareholders in a corporation, represented by the company's common and preferred stock.

Call Option

A financial contract that gives the holder the right, but not the obligation, to buy a stock or another security at a specified price before the contract expires.