Which of the Following Is True

question 45

Multiple Choice

Which of the following is true?

• A)Efficiency refers to the size of the economic pie; equality refers to how the pie is divided.
• B)Government policies usually improve upon both equality and efficiency.
• C)As long as the economic pie continually gets larger, no one will have to go hungry.
• D)Efficiency and equality can both be achieved if the economic pie is cut into equal pieces.

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Definitions:

Goods

Tangible commodities or products that are produced, bought, and sold to satisfy wants or needs.

Environmental Uncertainty

The degree of unpredictability and complexity in an organization's external environment, influencing strategic planning and decision-making.

Complexity

The state of having multiple interconnected parts, making a system or problem difficult to understand, predict, or manage.

Rate Of Change

A measure that calculates the percentage change in the value of a specific variable within a specific period.