An Economy Is Productive Efficient If It Produces

question 12

Multiple Choice

An economy is productive efficient if it produces

• A) more than enough food to feed everyone.
• B) more goods and services in each successive year.
• C) maximum output with given resources and technology.
• D) enough output so that no one lives in poverty.

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Definitions:

Carrying Value

The net amount of an asset or liability that is recorded on the financial statements, taking into account factors like depreciation or amortization.

Dividend Revenue

Income earned from owning shares of a company, paid out from the company's earnings.

Cash Dividend

A cash payment of earnings made by a company to its stockholders.

Equity Securities

Financial instruments representing ownership interest in a company, such as stocks.