Efficiency Means That

question 48

Multiple Choice

Efficiency means that

• A)society is conserving resources in order to save them for the future.
• B)society's goods and services are distributed equally among society's members.
• C)society's goods and services are distributed fairly,though not necessarily equally,among society's members.
• D)society is getting the maximum benefits from its scarce resources.

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Definitions:

Minors

Individuals who are under the legal age of majority, typically considered to be under 18 years old, having restricted rights and responsibilities in legal contexts.

Age of Majority

The legally defined age at which an individual is considered an adult and is responsible for his or her actions and eligible to vote, among other adult rights.

Contracts

Legally binding agreements between two or more parties, detailing obligations and rights concerning the exchange of goods, services, or property.

Adults

Individuals who have reached the age of majority, legally recognized as capable of entering into binding contracts and being responsible for their actions.