An 'Increase in Efficiency' Suggests That an Economy

question 82

Multiple Choice

An 'increase in efficiency' suggests that an economy:

• A)is using more costly production techniques
• B)has decided to produce more luxury goods
• C)is able to get less goods and services from a given amount of resources
• D)is able to get more goods and services from a given amount of resources

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Definitions:

Credibility

The quality of being trusted and believed in, often influenced by an entity's reputation, reliability, and expertise.

Formal Tone

A style of communication that is polite, well-structured, often adhering to conventional standards, used in professional or serious contexts.

Texting

The act of sending and receiving short messages, typically text-based, through mobile phones or other devices.

Acronym-Filled Language

A style of communication densely populated with acronyms, often specific to a particular industry or group, which can obscure meaning for outsiders.