An Efficient Allocation of Resources Occurs When We

question 249

Multiple Choice

An efficient allocation of resources occurs when we

• A) produce the goods and services that people need.
• B) cannot produce more of a good or service without giving up some other good or service that we value more highly.
• C) produce the goods and services that people want.
• D) cannot produce more of a good or service without giving up some other good or service that we need.

---

Definitions:

Advertising Media

The communication platforms used to promote and market products or services to target consumers.

Direct To Consumer

A business model where companies sell products directly to consumers, cutting out any intermediaries such as retailers or wholesalers.

Face-To-Face

Personal encounters or meetings involving direct eye contact and communication in the same space.

Industrial Distributor

A company that buys products directly from manufacturers and sells them to businesses or retail consumers.