Why Is Efficiency Desirable

question 377

Multiple Choice

Why is efficiency desirable?

• A) It results in an equal distribution of income.
• B) It results in the highest prices for the goods and services produced.
• C) It makes best use of the available resources.
• D) It is the most politically popular solution.

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Definitions:

Learning

The acquisition of knowledge or skills through experience, study, or by being taught, which leads to a change in behavior or understanding.

Bandura

Refers to Albert Bandura, a psychologist known for his work on social learning theory, emphasizing the role of observational learning, imitation, and modeling.

Engage

To participate or become involved in a particular activity or to enter into combat or conflict.

Behaviors

Actions or reactions of an individual, in response to external or internal stimuli.