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:

Hypothalamus

A region of the brain responsible for producing hormones that control body temperature, hunger, moods, release of hormones from many glands, especially the pituitary gland, and in regulating sleep cycles.

Taste Receptor

Specialized sensory cells located on the tongue that process and transmit the sensation of taste to the brain.

Umami

One of the five basic tastes, alongside sweet, sour, bitter, and salty, often described as savory or meaty, and typically produced by foods containing glutamate.

Homeostatic Model

A theoretical construct that describes how biological systems maintain stability and internal balance in response to external changes.