When the Economy Is Getting the Most from Its Scarce

question 186

Multiple Choice

When the economy is getting the most from its scarce resources it is called:

• A)​equity.
• B)​efficiency.
• C)​equality.
• D)​equal shares.

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Definitions:

Interest Income

Earnings received from investments in debt instruments such as bonds, loans, or savings accounts.

Carrying Amount

The value at which an asset or liability is recognized on the balance sheet, factoring in depreciation or amortization and impairment if applicable.

Market Rate Of Interest

The prevailing rate at which interest is paid by borrowers for loans in the financial markets.

Trading Investments

Securities that a company purchases with the intention of selling in the short term for a profit.