Inefficiency in an Economy Can Be Caused by

question 274

Multiple Choice

Inefficiency in an economy can be caused by

• A)misallocating resources.
• B)underemploying resources.
• C)discrimination.
• D)All of the responses are correct.

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Definitions:

Brain Expansion

Refers to the process of increase in brain size and complexity, often related to evolutionary advancements in various species, particularly humans.

Organized Hunting

The coordinated and planned effort by a group of individuals to pursue and capture or kill wild animals for food, sport, or other purposes.

Homo Erectus

An extinct hominin species that lived from approximately 1.9 million to 140,000 years ago, known for being one of the first to exhibit humanlike walking and use of tools.

Epoch

A significant period in history or in the development of the earth, marked by notable events or characteristics.