Resources Are Being Used Efficiently When

question 111

Multiple Choice

Resources are being used efficiently when:

• A)scarcity is no longer an issue.
• B)they are also used equitably.
• C)every opportunity to make people better off without making others worse off has been seized.
• D)gains from trade are still available.

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Definitions:

Typewriters

Mechanical or electromechanical machines that were used for writing; they have keys for producing letters and symbols on paper, and were widely used before the advent of personal computers.

Less Pay

A situation where an individual or group receives lower wages or salary compared to others, often relating to disparities or injustices in employment.

Stopwatch

A handheld timepiece designed to measure the precise amount of time elapsed from its activation to deactivation.