If an Economy Is Operating Inefficiently, Then

question 191

Multiple Choice

If an economy is operating inefficiently, then

• A)the economy can increase production of consumption goods without reducing capital goods.
• B)there is always a positive opportunity cost to increasing output.
• C)output can only be increased through capital investment.
• D)output cannot be increased.

---

Definitions:

United Nations

An international organization founded in 1945 to promote peace, security, and cooperation among countries worldwide.

Member States

Refers to the individual states that comprise a federal union, each possessing certain powers and responsibilities as delineated by the national constitution.

Department of Defense

A federal executive department responsible for coordinating and supervising all agencies and functions of the government concerned directly with national security and the United States Armed Forces.

1947

A year notable for events such as the partition of India and Pakistan, and the beginning of the Cold War era.