An Increase in Efficiency Means That an Economy Has

question 31

Multiple Choice

An increase in efficiency means that an economy has:

• A)reduced its opportunity costs.
• B)increased the equity of its distribution of goods and services.
• C)made more people better off without making others worse off.
• D)increased the incentives for its citizens to follow their own self-interest.

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Definitions:

Polygenetic

Related to or involving many genes, explaining the inheritance of complex traits that are affected by multiple genetic factors.

Genetically Dissimilar

Referring to organisms that have different genetic makeup or alleles, resulting in variations within a species.

Grammar Test

A method of evaluating an individual's grasp and application of syntax, punctuation, and the structural aspects of a language.

Mathematical Reasoning

The process of applying mathematical concepts, procedures, and logic to solve problems or make decisions.