Which of the Following Statements Is (Are) True

question 149

Multiple Choice

Which of the following statements is (are) true?

• A) An efficient allocation of resources maximizes the net benefit of each activity.
• B) An efficient allocation of resources implies that the distribution of income is equitable.
• C) Judgments about equity are positive judgments.
• D) A and B are true.

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Definitions:

Global Presence

A company's or organization's reach and influence across various countries and cultures.

LinkedIn

A professional networking website where individuals and organizations create profiles to connect, share, and discover career opportunities.

Emerging Market

A nation's economy that is progressing towards becoming more advanced, usually by means of rapid growth and industrialization.

Economic Stability

A state where an economy experiences steady growth, low inflation, and low unemployment rates over time.