The Construct Used to Demonstrate Efficient Use of Society's Resources

question 196

Multiple Choice

The construct used to demonstrate efficient use of society's resources is the

• A)production possibilities frontier.
• B)payoff matrix.
• C)input-output table.
• D)cost-benefit table.

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Definitions:

Foliage Tour

An activity involving traveling to view and appreciate the colorful leaves of trees and plants in the autumn.

Joint Tenants

Co-owners of property with rights of survivorship, meaning when one owner dies, the property automatically transfers to the surviving owner(s).

Sell

The act of exchanging a product or service for money or other compensation; it involves transferring ownership of an item or service from one party to another.

Crystal Import Co.

A hypothetical or actual company specializing in the importation and distribution of crystal and glassware products.