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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #1090310
Introduction to Economics 1 Deneme Sınavı Sorusu #1090310
What is the ability to put a given amount of scarce resources into use in such a way to produce the highest level of output that could be produced with the available production technology?
Efficiency |
Market power |
Production function |
Production possibilities frontier |
Opportunity cost |
Yanıt Açıklaması:
Efficiency refers to the ability to put a given amount of scarce resources into use in such a way to produce the highest level of output that could be produced with the available production technology.
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