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Which of the Following Statements Is Most Correct

question 27

Multiple Choice

Which of the following statements is most correct?


Definitions:

Equitable

Fair or impartial in treatment or judgment without bias or favoritism.

Efficient

When resources are used in a way that maximizes the production of goods and services without wasting any resources.

Birthday Cake

A special cake prepared and decorated to celebrate someone's birthday.

Gains from Trade

The increase in welfare or overall efficiency that arises from individuals or nations engaging in voluntary exchange or trade.

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