________ Is the Ratio of Benefits to Costs

question 61

Multiple Choice

________ is the ratio of benefits to costs.

• A) Effectiveness
• B) Efficiency
• C) Scalability
• D) Performance rating

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Definitions:

Smuggled

Illegally transported goods or persons across borders to avoid customs duties or immigration restrictions.

Transit

The act of moving people or goods from one location to another, typically referring to public transportation systems.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, leading to market stability.

Fine Imposed

A monetary penalty levied by an authority as punishment for a violation or infringement.