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Which of the following is the correct version of the accounting equation?
Economic Efficiency
A state where resources are allocated in a way that maximizes the production of goods and services while minimizing waste and inefficiencies.
Fundamental Questions
Basic economic questions that include what to produce, how to produce, and for whom to produce, reflecting scarcity and resource allocation.
Market Economy
An economic system in which supply and demand determine the production and allocation of resources through decentralized decision-making.
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