________ occurs when the economy is producing what people want at least possible cost.
A. Maximum profit
B. Equity
C. Stability
D. Efficiency
Answer: D
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Suppose that Congress passes an investment tax credit. The likely result will be
A) the supply curve for bonds will shift to the right. B) the demand curve for bonds will shift to the left. C) the demand curve for bonds will shift to the right. D) the equilibrium interest rate will fall.
Which of the following institutional changes contributed to the high rate of development in European and North American countries?
a. An increase in government intervention in production and consumption of goods and services through taxes and subsisidies b. An increase in governments' support to monopolistic firms and businesses c. An increase in government ownership of resources d. Stricter enforcement of private property rights
A(n) ________ is a sharp increase in asset prices brought about by unrealistic expectations about further price growth.
A. speculative bubble B. austerity measure C. financial crisis D. economic stimulus
Which of the following is not a not-for-profit institution?
a. Columbia Broadcasting System (CBS) b. American Red Cross c. Salvation Army d. a public library e. a typical college or university