Homeostasis Is a Systems Concept That Describes the Tendency of a System

question 32

Multiple Choice

Homeostasis is a systems concept that describes the tendency of a system to maintain or preserve:

• A)​equilibrium or balance.
• B)​limitations or rules.
• C)​guidelines or boundaries.
• D)​strengths or weaknesses.

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Definitions:

Governmental Resources

Assets, finances, and other resources controlled or owned by the government for public use and administration.

Allocative Efficiency

A state in which resources are allocated in a way that maximizes the net benefit to society or achieves the desired distribution among competing uses.

Productive Efficiency

Productive efficiency occurs when an economy or entity produces goods and services at the lowest possible cost, utilizing all available resources without waste.

MB = MC

The principle that optimal decision-making is achieved when the marginal benefit equals the marginal cost.