Inefficiency Exists in an Economy When a Good Is

question 68

Multiple Choice

Inefficiency exists in an economy when a good is

• A)being produced with less than all available resources.
• B)not distributed fairly among buyers.
• C)not being produced by the lowest-cost producers.
• D)being consumed by buyers who value it most highly.

---

Definitions:

School Phobia

An intense fear or dread of attending school, often resulting from anxiety or traumatic experiences related to the school environment.

Neurotransmitter

Chemical substances that transmit signals across a synapse from one neuron to another neuron, muscle, or gland cell.

Heritability Rate

The proportion of variation in a particular trait among individuals in a population that is due to genetic differences.

Separation Anxiety Disorder

A psychological condition where an individual experiences excessive anxiety regarding separation from home or from people to whom the individual has a strong emotional attachment.