In Most Cases, Economic Efficiency Is Achieved Through

question 15

Multiple Choice

In most cases, economic efficiency is achieved through:

• A)incentives built into a market economy.
• B)regulation.
• C)individuals seeking out opportunities that involve no risk.
• D)maximizing equity.

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Definitions:

Independent Variables

Variables in a study or model that are manipulated to determine their effect on dependent variables.

Dependent Variable

A variable in statistical modeling or experimental design that is assumed to be affected by other variables.

Coefficient Of Determination

A statistical measure that shows the proportion of the variance for a dependent variable that's predicted from an independent variable or variables.

Coefficient Of Correlation

A numerical measure that quantifies the degree to which two variables are related or associated, indicating the strength and direction of their relationship.