Efficiency Occurs When

question 23

Multiple Choice

Efficiency occurs when

• A) the economy is producing what people want at least possible cost.
• B) the economy has a fair and just distribution of income.
• C) all markets are in equilibrium.
• D) unemployment is low and prices are stable.

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Definitions:

Parallel Construction

The use of the same pattern of words to show that two or more ideas have the same level of importance.

Similar Structures

Architectural or organizational elements that share comparable features or organization.

Simple Sentence

A sentence structure consisting of a single independent clause that has a subject and a predicate.

Monthly Premiums

Regular payments made to maintain an insurance policy or other subscription-based service.