An Economy Is Efficient When

question 32

Multiple Choice

An economy is efficient when:

• A)the problem of scarcity is eliminated.
• B)output is distributed equitably.
• C)all opportunities to make some people better off without making other people worse off have been taken.
• D)all opportunities to make some people worse off without making other people better off have been taken.

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Definitions:

Facial Expressions

The movements of the facial muscles that convey emotions and communication.

Eye Contact

The act of looking directly into another person’s eyes, often used as a form of nonverbal communication to convey attentiveness or confidence.

Personal Space

The physical space immediately surrounding someone, into which any encroachment feels threatening to or uncomfortable for them.

Touch

The sense by which humans and animals perceive pressure or sensation through their skin.