The Way an Economy Allocates Output to Consumers Is Called

question 67

Multiple Choice

The way an economy allocates output to consumers is called

• A) distribution.
• B) efficiency.
• C) government allocation.
• D) output maximization.

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Definitions:

Enthymeme

An abbreviated syllogism or argument in which one of the premises or the conclusion is not explicitly stated but implied.

Unstated Conclusion

A conclusion in an argument that is implied but not explicitly expressed by the argument's premises.

Sunny Places

Locations or areas that receive a large amount of sunlight, typically used in reference to pleasant weather or climates.

Enthymeme

An argument in which one premise is not explicitly stated but is assumed in the reasoning.