Society Wants to Use Its Scarce Resources Efficiently

question 46

Multiple Choice

Society wants to use its scarce resources efficiently.To achieve this economic goal it must:

• A) have full employment and full production.
• B) have a fixed resource base and fixed technology.
• C) expand the use of capital goods and reduce the use of labor.
• D) increase the rental,interest,wage,and profit payments to the factors of production.

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