If an Economy Is Producing Inefficiently, It Is

question 13

Multiple Choice

If an economy is producing inefficiently, it is

• A)possible to increase production of all goods simultaneously.
• B)possible to increase production of one good at the expense of another.
• C)not possible to increase production of any good.
• D)not possible to increase economic growth.
• E)possible to increase production with no effort.

---

Definitions:

Behavioral Outcomes

The observable and measurable actions or reactions of individuals or groups as a result of specific stimuli or interventions.

George Homans

An American sociologist known for his work in developing social exchange theory, which explains social behavior in terms of the exchange of goods, services, and recognition.

Value

The importance, worth, or usefulness of something, often influenced by social norms and individual perceptions.

Less Valuable

Considered to have lower worth or importance in comparison to something else.