An Outcome Is Said to Be Efficient If an Economy

question 170

True/False

An outcome is said to be efficient if an economy is conserving the largest possible quantity of its scarce resources while still meeting the basic needs of society.

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Definitions:

Holmes And Rahe

Psychologists who developed a scale to measure stress based on major life events and their impact on an individual's health.

Type B Personality

A personality type characterized by comparatively lower levels of stress, patience, relaxed state, and a laid-back attitude, in contrast to the more stress-prone Type A personality.

Competitiveness

The desire to win or excel in comparison to others, often driving individuals or groups to perform their best.

Hostility

An emotion expressed through anger, aggression, or opposition towards others or oneself.