________ Is a Situation in Which a Good or Service

question 208

Multiple Choice

________ is a situation in which a good or service is produced at the lowest possible cost.

• A)Allocative efficiency
• B)Productive efficiency
• C)Equity
• D)Optimal marginalism

---

Definitions:

Suffrage

The right to vote in public elections, a fundamental principle of democratic societies.

Gender Equality

The state in which access to rights or opportunities is unaffected by gender, allowing people of all genders to participate fully in all areas of life.

Reconstruction

The period after the American Civil War from 1865 to 1877, during which the Southern states were reorganized and reintegrated into the Union.

American History

The record of events and happenings that form the past of the United States, from pre-colonial times to the present.