The Efficient Allocation of Resources Is Based on the Fact

question 12

Multiple Choice

The efficient allocation of resources is based on the fact that:

• A) firms devote the amount of resources to their good that consumers demand.
• B) P > MC.
• C) P < MC.
• D) economies of scale must exist.
• E) monopolists can cater for the entire market.

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Definitions:

New Religious Movements

Religious, ethical, or spiritual groups that have emerged recently and offer an alternative to mainstream religious traditions.

Secularization Theses

The belief that with the advancement and rationalization of societies, the influence of religious authority decreases across various facets of social life and governance.

Revised Secularization

A contemporary interpretation of secularization that accounts for the persistence of religion in modern societies, adjusting traditional views that predicted the decline of religion.

Émile Durkheim

A founding figure in sociology, known for his studies on social solidarity, religion, and the collective conscience.