An Economy Is Said to Be Saving Lives Efficiently

question 55

Multiple Choice

An economy is said to be saving lives efficiently

• A) if the number of lives saved increases each year
• B) whenever the cost of saving lives is decreasing
• C) if it is operating on its production possibilities frontier
• D) if more resources are devoted to saving lives than to any other activity
• E) if fewer resources are devoted to saving lives than to any other activity

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Definitions:

Society

A group of individuals living as members of a community, which is characterized by common interests, culture, economy, or social norms.

Corporate Social Responsibility

A business model that helps a company be socially accountable to itself, its stakeholders, and the public.

Social Entrepreneurship

A practice involving the starting of businesses with the aim of addressing social issues or making a positive impact on society.

Hybrid Model

A business, organizational, or systems approach combining elements of multiple methods, techniques, or technologies, often incorporating both traditional and innovative practices.