The Efficient Allocation of Resources Requires

question 99

Multiple Choice

The efficient allocation of resources requires:

• A) that prices reflect the relative value of goods and services.
• B) that inflation not exceed three percent a year.
• C) deflation.
• D) prices to remain constant.

---

Definitions:

Group Term Life Insurance

A type of life insurance policy offered to a group of people, usually employees of a company, that provides coverage at a reduced cost for the duration of employment.

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured, often provided as a workplace benefit.

Retirement Savings Plans

Financial arrangements designed to help individuals save and invest money for their retirement, often offering tax advantages and employer contributions.

Pension Plans

Financial programs established by employers to provide retirement income to employees, funded during their working years.