Which of the Following Words and Phrases Best Captures the Notion

question 67

Multiple Choice

Which of the following words and phrases best captures the notion of equality?

• A)minimum waste
• B)maximum benefit
• C)sameness
• D)efficiency

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Definitions:

Imports

Products or resources that are bought from foreign countries to meet domestic demand or consumption.

U.S. Exports

Goods and services produced in the United States and sold to other countries.

Deflation

A decrease in the general price level of goods and services, often indicating a contraction in the overall economy.

Real Output

The quantity of goods and services produced in an economy, adjusted for inflation, representing true productivity.