An Economy Is Said to Be Efficient If It Is

question 107

Multiple Choice

An economy is said to be efficient if it is:

• A)possible to produce more of all goods
• B)possible to produce more of one good without producing less of another
• C)not possible to produce more of one good without producing less of another
• D)not possible to produce more of one good at any cost

---

Definitions:

Contrapositives

Statements that invert and negate both the hypothesis and conclusion of a conditional statement, logically equivalent to the original statement.

Contrapositive

In logic, a statement formed by negating both the hypothesis and conclusion of the converse of a conditional statement and reversing their order.

Relationship

The method of connection between two or more concepts, objects, or people, or the circumstance of being in such connection.

Contrapositives

Statements that reverse and negate both the hypothesis and conclusion of another statement to form a logical equivalence.