The Use of Resources in the Most Productive Way Possible

question 2

Multiple Choice

The use of resources in the most productive way possible to produce the goods and services that have the greatest total economic value to society is called:

• A) innovation.
• B) efficiency.
• C) sustainability.
• D) economic quantity.

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Definitions:

University Database

A comprehensive collection of data and information pertaining to students, faculty, courses, and facilities within a university.

Data Entry

Data entry is the process of inputting data or information into a computer or database, often from paper documents, for storage, processing, or analysis.

Freshman

Denotes a student in the first year of high school or college.

Quantitative Data

Numerical information that can be measured and quantified, allowing for statistical analysis and comparison.