What Does the Value of Efficiency Mean

question 81

Multiple Choice

What does the value of efficiency mean?

• A)To be safe from those wishing to interfere with your property rights.
• B)To possess a large enough supply of goods and services to meet basic demands
• C)To possess the capacity or resources to act as one wishes
• D)To maximize the amount of wealth in society
• E)To treat all humans identically,regardless of race,class,gender,age and sexual preference.

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Definitions:

Number

A mathematical object used to count, measure, and label; the basic concept of numbers includes integers, real numbers, and complex numbers.

Normal Distribution

A balanced probability distribution centered around the mean, where data closer to the mean are seen more frequently than data considerably far from the mean.

Area

The extent or measurement of a surface or piece of land, typically measured in square units.

F Distribution

A probability distribution used in statistics, especially in analysis of variance (ANOVA), to determine the variance among sample means.