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To Select a Range by Using the Name Box

question 47

Multiple Choice

To select a range by using the name box:


Definitions:

Efficient

Optimally using resources in a manner that maximizes the production of goods and services without wasting them.

Resources

The inputs used in the production of goods and services, including labor, capital, land, and entrepreneurship.

Individual Choices

Decisions made by individuals based on their preferences and circumstances, affecting their personal welfare and the allocation of resources.

Incentives

Financial or non-financial rewards designed to encourage specific behaviors or actions from individuals or entities.

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