An Economy Is Judged Efficient If

question 47

Multiple Choice

An economy is judged efficient if

• A)it is good at producing what people want.
• B)it produces things that people may not want but in the least wasteful way.
• C)produces whatever people want in a way that may not be the least wasteful.
• D)it is a free-market economy and not a command market.

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Definitions:

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Survey

A research method used to collect data from a predefined group of respondents to gain information and insights on various topics of interest.