An Increase in Efficiency Means That an Economy Has

question 31

Multiple Choice

An increase in efficiency means that an economy has:

• A)reduced its opportunity costs.
• B)increased the equity of its distribution of goods and services.
• C)made more people better off without making others worse off.
• D)increased the incentives for its citizens to follow their own self-interest.

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Definitions:

Aligning Actions

Adjusting one's behavior, decisions, or strategies to match specified objectives, values, or the actions of others.

Seeking Mastery

The pursuit of a high level of proficiency or expertise in a particular area or discipline.

Creative Expression

The use of imagination or original ideas to create something, often in the form of art, writing, or other forms of creative work.

Organizational Behavior

The study of how people interact within groups, particularly in a work setting, to understand and improve employee performance and organizational culture.