Which of the Following Could Reduce Economic Efficiency

question 64

Multiple Choice

Which of the following could reduce economic efficiency?

• A)laws that encourage lawsuits
• B)policies that redistribute income
• C)policies that impose significant restrictions on international trade
• D)All of the above are correct

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Definitions:

Dividing Fractions

The process of calculating the quotient of two fractions by multiplying the first fraction by the reciprocal of the second.

Simplest Form

The most reduced version of a mathematical expression, with no common factors or reducible elements.

Multiplying Fractions

The mathematical process of finding the product of two fractions by multiplying their numerators and denominators separately.

Simplest Form

A term used to describe a fraction when both the numerator and denominator are reduced to their smallest possible integers while still maintaining the same value.