Which of the Following Is an Important Ingredient of Efficient

question 46

Multiple Choice

Which of the following is an important ingredient of efficient economic organization?

• A)high marginal tax rates
• B)competitive markets
• C)rapid increases in the money supply
• D)imposition of high tariffs that will protect domestic producers from the ravages of foreign competition

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Definitions:

Globally

Globally refers to something that occurs or is relevant across the entire world, encompassing international boundaries and cultural diversities.

Primary Categories

The main or first-level classifications used to organize information or items.

Secondary Categories

Additional classifications or groupings that are not primary but serve to further organize or differentiate entities.

Diversity

Refers to the inclusion of individuals from various backgrounds, identities, and perspectives within a group or organization.